Ensurge Provides Update on Campos Project in Brazil
MIAMI, June 20, 2011 /PRNewswire/ — Ensurge, Inc. (OTC Bulletin Board: ESGI.OB), a U.S.-based resource company focused on developing gold properties in Brazil and Guyana by applying modern technology to extract gold from tailings at existing and abandoned mines, provided an update on its Campos gold recovery project near Pocone, Mato Grosso, Brazil. Assay results from approximately 1,200 samples taken from three tailings impoundments at Nova Mineracao Esparansa (The Campos Project) have now been returned. These samples were produced from a drilling program that provided auger drilled holes on forty meter centers. Discrete samples were taken every one meter down each hole.
While a definitive resource model is not yet completed, analysis of these samples has indicated a significant resource of gold, approximately 2 million tons, containing an average of approximately 0.33 grams of gold per ton of tailings.
“We are very pleased with the preliminary results,” said Jordan Estra, President and Chief Executive Officer of Ensurge. “Our preliminary engineering analysis suggests that attractive project economics exist at grades in excess of 0.25 grams per ton of gold.
“With over two million tons of tailings that grade 0.33, additional metallurgical testing to determine both the optimal recovery technology and the cut off grade for processing could enable us to expand the amount of tailings that can be processed.”
Bulk samples of the tailings are being prepared and will be shipped to G&T Metallurgical Services, Ltd. In Kamloops, BC, Canada for pilot plant testing. Future updates will be provided as additional information is obtained from the pilot plant testing.
About Ensurge, Inc.
Ensurge, Inc. is a U.S. based resource company focused on developing gold properties in Brazil and Guyana. This is a geographic area in which the technologies that have historically been employed in traditional gold mining operations are less effective than the most modern technologies currently available. 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.
For additional information please refer to the Ensurge, Inc. website: www.ensurgegold.com or contact Paul Henning of Cameron Associates, 212-554-5462.
SOURCE Ensurge, Inc.