Royal Acquisitions and Development, Inc. Currently in Joint Venture Negotiations
Posted on: Friday, 25 April 2008, 18:00 CDT
Royal Acquisitions and Development, Inc. (OTCIQ.PK) is currently in negotiations for a joint venture/leasing operation for a portion of its $18,000,000.00 property. The Company has spent the last months interviewing and discussing strategies in moving forward with our operation.
The terms call for the Joint Venture group to provide the necessary financing for the initial geological reports, satellite imaging and assays. The Company will then be able to further evaluate the Company's operation and discuss the implementation of a plan to move forward.
Our Concession
The RQST land claim lies wholly in Sahuaripa County, Sonora, Mexico. According to el Imparcial, the gold production in Sahuaripa County alone will be roughly 4.65 tons of gold this year. As an example, the Mulatos mine of Alamos Gold (TSX: AGI), provided 22,680 ounces of gold, the Dolores mine of Minefinders (TSX: MFL), reported 3,000,000 ounces of gold and 149,000,000 ounces of silver and the El sauzal mine of Goldcorp (NYSE: GG), recorded gold reserves of nearly 2,000,000 ounces each in the first quarter of 2006.
About Royal Acquisitions and Development, Inc.
The Company specializes in the development of mining, real estate and other equitable acquisitions.
"Safe harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as TI or its management "believes,""expects,""anticipates,""foresees,""forecasts,""estimates," or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals are also forward looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
For more information, please contact us at info@rqstinc.net.
Source: Business Wire
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