Markray Announces Production of Gold and Rare Earth Minerals

MOSCOW, Aug. 25, 2011 /PRNewswire/ -- Markray Corp, (RVBR.PK) MARKRAY CORP announces its acquisition of Markray JSVC which has the rights to process twenty five percent of the tailings situated near Moscow. These stockpiles are formed by the stocking of rejected materials by chemical companies that did not have as their activities the extraction of rare earth minerals which include mostly gold, silver, platinum as well as iron. Furthermore, as a result of decades of inefficient mining , an enormous amount of technogenic stockpiles have accumulated and  have become a source of gold, silver and platinum through re-mining. However, almost no Russian companies have turned their attention to working these established stockpiles which represent a great opportunity to new entrepreneurs. Technology is now available which allows for the recovery of gold, silver and platinum as well as iron from material that was stockpiled or mined using older technology.

A geological audit of the reserves of rare earth minerals on the Company's site was done by the Central Research Institute of Geological Prospecting for Base and Precious Metals. It is the largest firm that does geological studies in Russia and it has clients throughout the world from China to Canada and the USA. The audit reports the mineral content on the property as follows:

• Gold :                68 tons
• Silver:            739.6 tons
• Platinum:          3.6 tons
• Iron:      20,800,000 tons

The major advantageous of processing these deposits is that the material is already prepared having been lifted from the earth. The savings are enormous.

Initially the Company has the equipment to process one million tons of material per year but it is presently adding new equipment to increase the output at least 5 times the initial operations. It is now using one modular factory to be increased substantially.

Contact: Andrey Smirnov
[email protected]

Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include the fluctuations in the price of gold and in the event of severe weather conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.  Although the Company believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.

SOURCE Markray Corp