WICKENBURG, AZ--(Marketwired - Jun 25, 2015) - Mining Global, Inc. (OTC PINK: MNGG) announced today that it has released production results in Ghana and Revenues are Imminent. In its recent production efforts in Kumasi, Ghana, the company recovered 300 grams of high purity gold from 500 tons of material processed.
"These production results demonstrate that we now have a viable mine that will give us a good source of revenue for the next several years," said Joel J. Natario, Chief Executive Officer of Mining Global, Inc. "We will be shipping the gold to the United States in the coming days to refine and sell it for immediate revenues to the company."
The Company has stock piled over 5,000 tons of ore in Kumasi, Ghana, and over 25 acres of material still to mine. If the Kumasi results remain consistent, the Company will forecast its revenues by assuming that for every 500 tons of ore processed, it will recover 300 grams of high purity gold. With 5,000 tons available, this correlates to 3,000 grams, or 96.45 troy ounces. If gold remains near $1,100 per troy ounce, the Company will generate somewhere near $106,097 of revenues, from its first two pits. The Company expects to begin depositing these revenues in early July.
Disclosures can be found on the Company's online disclosure portal at: http://www.otcmarkets.com/stock/MNGG/filings
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About Mining Global Inc.
Mining Global's objective is to build and operate world-class mines and develop a robust portfolio of assets in North America with the focus on organic growth and early stage acquisitions. The exceptional experience and strength of Mining Global's management team, combined with the excellent infrastructure and robust economics of the Arizona mining industry, sets Mining Global to become a leading Gold development and mining company.
Forward-looking statements:
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.