|By Marketwired .||
|May 19, 2014 07:00 AM EDT||
BOCA RATON, FL -- (Marketwired) -- 05/19/14 -- Zoloto Resources Ltd., (PINKSHEETS: ZRSCF) has agreed to participate in the processing of a large tailings pile. Analysis indicates that the tailings have up to 142,000 gms (4580 ozs) of recoverable gold. Zoloto will supply its portable concentrators and mill to process the tailings. Analysis indicates that the grade of gold can be as high as 15 gms per ton and will average a minimum of 5 gms per ton. It will take approximately 12 to 14 months to process this first project. It is projected that based on current gold prices that this initial project will generate $5,954,000
The Company is negotiating to process the tailings in another 5 mining operations without flotation cells. The Zoloto mill also does contract milling for miners who do not have milling capabilities. The Company expects to process gold, silver and copper in Ecuador.
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 www.zolotogold.com or www.zolotomining.com 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