Ensurge Reports Update on Nascimento Tailings Project
MIAMI, June 17, 2011 /PRNewswire/ — Ensurge, Inc. (OTCBB: ESGI), a U.S. based resource company focused on developing gold properties in South America by applying modern technology to extract gold from tailings at existing and abandoned mines, provided an update on its Nascimento Project, near Pocone, Mato Grosso, Brazil.
Auger drilling has been completed and approximately 1,200 samples have been sent to Acme Analytical Laboratories (Chile) S.A. for assay. Approximately half of the assays have been returned, but analysis and development of a resource model awaits return of all the assays, which will probably take an additional several weeks.
“While the assays returned to date do not yet enable development of a resource model, I am pleased to report that those assays returned appear to be consistent with those obtained from our other projects in the Pocone area,” said Jordan Estra, President and CEO of the Company. “When the remainder of the assays are returned we will create a resource model, and if appropriate, send bulk samples for metallurgical testing and process development, to determine the appropriate recovery systems to be built.”
The Agreement with Nascimento will enable Ensurge, at its discretion, to process gold from tailings at an abandoned mine owned by Nascimento, approximately 10 kilometers southeast of Pocone, Mato Grosso, Brazil. This site is in close proximity to Ensurge’s other Brazilian projects.
For additional information please refer to the Ensurge, Inc. website: www.ensurgegold.com or contact Paul Henning of Cameron Associates 212-245-8800.
About Ensurge, Inc.
Ensurge, Inc. is a U.S. based resource company focused on developing gold properties in South America, particularly Brazil and Guyana. These are geographic areas where crude techniques have historically been employed in traditional gold mining operations. Ensurge first obtains contractual agreements with owners of tailings at existing or abandoned mines to re-process the tailings. The company will then construct gold recovery plants applying both modern technology and capital to extract the gold. Initial projects are located in the Cuiaba Gold Belt region between Cuiaba and Pocone in the State of Mato Grosso and along the Mazaruni River in Guyana.
(Ensurge is a fully reporting company currently traded on the OTC Bulletin Board under the symbol ESGI.OB.)
Forward Looking Statements
This press release contains forward-looking statements regarding the future results and performance of Ensurge, Inc. including statements regarding revenue, growth and market development. These forward-looking statements involve risks and uncertainties and actual results could differ materially from those predicted in any such forward-looking statements. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements. The realization of any or all of these expectations is subject to a number of risks and uncertainties and it is possible that the assumptions made by management may not materialize. Statements in this press release may involve risks and uncertainties; actual results may differ from the forward-looking statements. Sentences or phrases that use such words as “believes,” “anticipates,” “plans,” “may,” “hopes,” “can,” “will,” “expects,” “is designed to,” “with the intent,” “potential” and others indicate forward-looking statements, but their absence does not mean that a statement is not forward-looking. The Company undertakes no obligation to publicly release any revisions to forward-looking statements.
SOURCE Ensurge, Inc.