|By Marketwired .||
|May 6, 2014 07:00 AM EDT|
BOCA RATON, FL -- (Marketwired) -- 05/06/14 -- Zoloto Resources Ltd (PINKSHEETS: ZRSCF) with milling operations in Ecuador has started a second phase of its operations. The Company has begun contracting with small independent miners to process their ore and tailings. Portable concentrators are being used to produce concentrate for the mill. The portable concentrators are very efficient and suited for the recovery of precious metals from stamp and ball mill products, dump tailings, rubble beds and alluvial sands. These portable concentrators are using cleaner and lower energy technology. The portable concentrator does not use chemicals, only water and recovers gold and silver. It does not use mercury or cyanide and has low power requirements, high capacity and electric/petrol drive.
It is projected that the head grade will be a minimum of 2.5 gms of gold per ton, which will generate 2 Kilograms (63 ozs) of gold per concentrator per month. The company is starting with 2 concentrators in the first six (6) months and expects to expand to 4 concentrators by the end of the first year. The revenue generated by the portable concentrators is in addition to the revenue projected to be generated by the mill which has a capacity of 50 tons of ore per day.
The Company intends on pursuing opportunities in Ecuador. The Company feels that these opportunities will generate substantial cash flow for the Company allowing for significant growth over the next year.
Zoloto Resources Ltd trades in the United States on the OTC Pink under the symbol "ZRSCF". For further information, please contact the Company at (561) 210 8317 or investors can find real time quotes and market information for the Company on www.otcmarkets.com.
NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and Zoloto's ability to meet current and future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Zoloto Resources is not obligated to publicly release revisions to any forward-looking statement, to release events or circumstances afterward or to disclose unanticipated occurrences except as required under applicable law.
Zoloto Resources Ltd
(561) 210 8317