|By Marketwired .||
|June 12, 2014 07:18 AM EDT||
BOCA RATON, FL -- (Marketwired) -- 06/12/14 -- Zoloto Resources Ltd (PINKSHEETS: ZRSCF) with milling operations in Ecuador, has completed independent analysis of the initial tailings pile for the Zumba mill. The mill was designed to be economical based on a minimum head grade of 2.5 gms of gold per ton which would generate 2 kilograms (63 ozs) of gold per concentrator per month. The independent analysis showed that the head grade will average 6.1 gms per ton which will generate 5.0 kilograms
(154 ozs) of gold per concentrator per month. In addition to the gold content, the analysis of the ore has indicated that there is an average grade of 29.16 gms of silver per ton.
The Zumba mill will be operational by August 15, 2014. Zoloto will receive revenue from processing the ore as well as a percentage of the gold and silver produced.
The Company will continue pursuing milling opportunities in Ecuador. The current processing capacity of the mill will be 50 tons. The processing capacity will be increased to 100 tons per day by October 2014.
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