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Monkey Rock Group, Inc. (MKRO ) Appoints New Management and Reorganizes as a Mineral and Metals Producer.


News provided by

Monkey Rock Group, Inc.

Jun 29, 2011, 11:44 ET

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YUMA, Ariz., June 29, 2011 /PRNewswire/ -- Monkey Rock Group, (Pink Sheets: MKRO) has reorganized its top management and has restated its core mission to that of Mineral Producer, producing silver, gold and other metals.

According to its recently published Information Statement (Form 14f) and 8 K, Monkey Rock has sold a controlling interest in the company to Nissi Mining for $149,000 plus assumption of certain liabilities.

The reorganized company will be headed by Dexter Aspacio. Mr. Aspacio is the founder of Nissi Mining Group, Inc., a Hawaiian corporation and the parent company of Nissi Mining Co. Mr. Aspacio  launched the Nissi Mining Corp as a wholly owned subsidiary of the Nissi Group to own and operate the Los Flores Mine.  

Mr. Aspacio has received a Part 48 certificate of completion for miners training by the ASMI office and in conjunction with MSHA, has met all the requirements for the following:  Hazard Recognition, Statutory Rights of Miners, Self Rescue and Respiratory Devices, Transport and Communications Systems, Ground Control and Ventilation, Mandatory Health and Safety Standards, Authority and Responsibility of Supervisors & Miners Representatives, Health, Electrical Hazards, First Aid/BBP and CPR, Explosives, and Prevention of Accident.

Monkey Rock Group, Inc. ("Monkey Rock"), a Delaware Corporation, will ultimately be rebranded  and renamed  NISSI Mining with its core mission being to mine its mineral claims filed in Yuma with the Bureau of Land Management (BLM) for an estimated 1,800,000 ounces of gold estimated to be in the rock as per an assayers report done in August 2010.

The geological evaluation report, dated August 6, 2010 by West Coast Environmental and Engineering, a geological engineering firm located in California with offices in Ventura and Nevada City noted: "The Los Flores (Laguna) District has an extensive history of gold development and production, From both lode vein-type underground mines and surface alluvial placer deposits.  The lode Mines and prospects had a reported production of 556 tons of ore yielding 324 ounces gold and 661 ounces silver (Arizona Bureau of Geology and Mineral Technology, 1978).  The gold grade Calculated from these production figures is .583 ounces of gold per ton of ore, with a calculated Silver grade of 1.189 ounces silver per ton. The Los Flores District placers historically produced 7500 ounces of gold as of 1978.  The Los Flores placers produced several thousand ounces of Gold for the total period from the late 1850's to 1950's.

"Arizona Geological Survey Open-File Report 85-12 (1985) provides a summary of the ore Grades for the metallic mineral districts of Arizona.  The average gold grade for the Laguna District is .342 ounces gold per ton, and the average for Yuma County is .357 ounces gold per ton.  

"These gold grades support those stated within previous reports, and are evidence to support the occurrence of potentially high gold grades within the Los Flores Mine. Total resources on the Los Flores Mine Property are conservatively estimated at approximately 58.5 million tons of gold-bearing rock containing approximately 1.8 million ounces of gold.  

"Using a price of $1500 per ounce of gold (Info Mine: Approximate 1-Year Average Price), the In Place Gross Value of the gold resources on the property is projected at $2.7 billion.  This valuation does not include development, production, and operational costs."

The new management expects that with adequate funding, the company will be able to extract significant quantities of gold, silver and other metals including copper.

This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although Monkey Rock Group, Inc. believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will materialize. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.

Contact
Dexter F.K. Aspacio
291 S. Main Street, Suite J
Yuma, AZ 85364:
928 304 8817
http://www.nissiminingco.com

SOURCE Monkey Rock Group, Inc.

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