Malawi Government Committed in its Support to Fast Track Development at Britannia's Iron Ore Project
LONDON, Nov. 29, 2012 /PRNewswire/ -- Britannia Mining Plc, a UK based mining development company [recently merged with U.S. based Micron Enviro Systems (Symbol: MSVS) – pending shareholder ratification] announced today, that Britannia Mining was invited to the Malawi High Commission in London (Wednesday, November 28th, 2012) and met with the newly appointed High Commissioner His Excellency Bernard H Sande. This meeting was spurred as the Country of Malawi has recently been granted $25 Million from the World Bank to upgrade geological mapping of the entire country.
"We endeavour to work closely with the Government of Malawi to expedite the mapping process in the Nthale region," stated, Kenneth Roberts, CEO of Britannia Mining and Micron Enviro Systems. "This mapping could provide Britannia a very important knowledge base that should help fast track our exploration throughout the country. With enhanced mapping, we will have the ability to make significant strides towards not only defining a 'Resources Statement' at our iron ore project but to possibly develop other minerals in the area."
The ability to develop other minerals such as gold, lends to the pending merger with Micron considering the geological environments that extend into Malawi. However, primarily discussed in the meeting with His Excellency, was the development of the Nthale region where Britannia holds a prospecting licence of over 650 sq km (approximately 251 square miles).
During the meeting, Mr. Sande suggested that Nthale, situated just outside of the southern region of Blantyre, is strategically well positioned for economic growth. As the commercial centre of Malawi, the Blantyre region is being fast promoted as a region that will benefit greatly from its existing logistical routes to the ports of Mozambique and the possible rehabilitation of Malawi's power plants.
"We will be working diligently with our teams to optimize opportunities stemming the Malawi program for 2013," concluded Roberts.
About Britannia Mining
Britannia Mining is an explorer and developer of mining projects. The company is developing a high grade iron ore project in Malawi and holds an Exclusive Prospecting License (EPL) for iron ore over 650 sq km at Nthale, Blantyre. From magnetic imaging studies that have been completed over a test area of 20 sq km, the company has located a number of ore bodies that indicate this 20 sq km area could yield upwards of 40 million tonnes iron ore. The company intends to mobilize a drilling program, where upon completion the data will provide a resource definition of the 20 sq km test area.
Britannia Mining is in talks with a number of potential partners to implement a near term mining plan at Nthale Hill.
About Micron Enviro Systems
Micron Enviro Systems is an emerging mining company which explores and pursues opportunities in gold, coal and lithium. Much of the business set in leveraging various gold claims, leases and permits to enhance shareholder value. Over the course of 2012, in narrowing its scope of operation, Micron surrendered various leases and permits unrelated to gold.
In October of 2012 Britannia Mining (UK company), solidified its interest in Micron and executed an agreement to Merge with Micron pending ratification by shareholders.
Micron Enviro Systems is now headed by the CEO of Britannia Mining, Mr. Kenneth Roberts.
For more information, please visit http://www.micronenviro.com.
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may," "should,'' "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are referred to the sections entitled ``Risk Factors'' in the Company's periodic filings with the United States Securities and Exchange Commission, which can be viewed at <http://www.SEC.gov>. For all details regarding working interests in all of MSVS's oil and gas prospects or any previous news releases go to the SEC website. You should independently investigate and fully understand all risks before making investment decisions.
Nicola Newmarch +44 (0) 20 3 170 8565
Britannia Mining Plc
SOURCE Britannia Mining