Equipment Delivered to Mining Division >>
LAS VEGAS, NEVADA- (OTC Markets - Dec 29, 2016) UMAX Group Corp. (Pink Sheets: UMAX) announced the mining division, Rockstar Mining Corp. (Rockstar Mining), took possession of the wash plant in Winnemucca, Nevada in preparation for the season which is capable of processing 50 Tons per hour. This wash tank would normally would cost $98,000 new, was purchased for $25,000. UMAX fully expects to complete the purchase of the remaining large equipment items on behalf of Rockstar Mining which will include two excavators along with a rock truck and crusher in time to meet our planned start date for mining operations of March 1st, 2017.
In an effort to hit the start date planned, the Rockstar Mining has already recruited the work crews willing to be employed on the mine. The crews will begin safety training during the period of January to obtain their certifications to work on the mining area. Donald Franco president of Rockstar Mining, UMAXs mining division, quotes That everything is on track to begin operations as soon as the remaining equipment arrives during the next six weeks.
The historical data on the mine can be found under mining section of UMAXs official web site at www.UmaxCorp.com. Based upon historical research of previous small-scale mining operations on the property, the mine produced an average of five ounces per day using operating recovery equipment and technology that was both dated and less efficient. Additionally, these previous mining operations and results were the result of eight hours of processing daily, as compared to the twenty hours a day Rockstar Mining plans to operate the mine.
The CEO of UMAX, Ian Dixon, believes that the Rockstar Mining will become operational as planned when additional equipment has been purchased. Mr. Dixon stated that the figures and the test results done on the property look very promising, and that UMAX having a 20% stake in Rockstar Mining will result in significant revenues that we plan to invest our other divisions. This will be a very exciting year for us as a company, but also our shareholders.
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About UMAX Group Corp.
UMAX GROUP CORP. (the UMAX or the Company) is a development-stage company formed to develop and acquire operating companies through partnership agreements. Our primary focus is in the development and expansion of an existing model of partnership with private entities in accessing the capital markets via a public entity. At the current time, the Company is part owner of Rockstar Mining Corp. which will be operating a 1,000 acre mining prospect in Winnemucca, Nevada. Additionally, the Company has recently executed joint venture agreements with several companies including Harmony Homes, LLC (Construction Services), Clever-Tech Consulting, LTD (Nano-Technology) and Sol-Up USA (Solar Technology).
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