LLSR news out,Lantis Laser Inc. (OTCQB:LLSR) ("Lantis") announced today that it has closed on its merger with TAG Minerals Inc. ("TAG") whereby TAG will become its wholly-owned gold & mineral mining subsidiary. TAG is now set to peg and stake out previously explored and bulk sampled gold bearing areas in Zimbabwe, Africa, in conjunction with its operating associate company TAG Minerals Zimbabwe (Private) Limited. TAG intends to commence alluvial surface mining for its gold extraction activities, where the soil and ore bearing gold is very close to the surface, eliminating the need to dig deep into the earth.
TAG will utilize Extrac-TEC Heavy Particle Concentrators (HPC) Gold Recovery and Mineral Separation Equipment, which is state-of the-art and designed specifically for alluvial surface mining operations. Deploying specialized equipment for this type of mining is extremely advantageous for TAG, as large and expensive deep hole drilling mining machinery is not required. Greig Oppenheimer, a director and principal of Lantis is the co-inventor of the HPC patented mining equipment technology and is based in George, South Africa, where the equipment is manufactured. Oppenheimer has many years of mineral extraction and commercial expertise and is also the CEO of IE-TEC Marketing Limited, the exclusive distributor of the Extrac-TEC equipment.
Tapiwa Gurupira, a director and principal of Lantis, stated, "TAG Minerals will be looking to grow its operations organically as well as by making seasoned strategic acquisitions of other small to mid size mining operations throughout Zimbabwe." He added, "there is a plethora of mining opportunities in Zimbabwe and TAG intends, and anticipates, carving out its share for the benefit of the shareholders of Lantis."
AI
