Raptor Resources Holdings Inc. Initiates Gravity Mapping Program at Dodge Mine
FREEHOLD, N.J., May 7, 2012 /PRNewswire/ -- Raptor Resources Holdings Inc. (symbol: RRHI) (OTCQB), is pleased to announce that the gravity mapping program of Dodge Mine (Shamva, Zimbabwe) has started. With outstanding recommendations from barite geologist experts, the company has solicited the services of MWH GEO-Surveys Ltd. (http://www.mwhgeo.com/). Kevin MacNabb, owner/operator recently completed a pre-site survey of Dodge Mine to ensure the gravity mapping parameters of the hydrothermal mountain range are optimized to capture the multiple barite lenses across the property with additional recommendations to identify a variety of mineral/metal deposits.
Dodge Mine is classified as an Irregular Ore Body with close-spaced veinlets cutting the host rock and forming an intercalated network of cylindrical or cap-like deposits cutting across geological boundaries. Prior drilling reports identified barite, limestone/marble and talc. Of key interest is the documented widespread occurrences of gossans deposits indicating a massive undeveloped sulphide deposit often associated with gold, nickel, copper and lead. The presence of these metabasalt often point to gold in the host rock. Both local and international geologists have confirmed that the Dodge Mine barite deposits are world class, contain very high percentages of pure Barium Sulfate (BaSO4) and 100% recoverable.
Kevin MacNabb, owner/operator of MWH Geo-Surveys Ltd. stated, "These are exciting times for junior mining companies like Raptor Resources Holdings Inc. as I have watched firsthand the dramatic impact to shareholder value with successful gravity mapping programs performed for other mining companies in Africa." He further stated, "The pre-site survey was paramount in setting the optimum profile configuration for gravity mapping the Dodge Mine to address the unique features of their hydrothermal mountain range property."
Al Pietrangelo, President and CEO of Raptor Resources Holdings Inc. added, "We are excited to begin the mapping program teamed with highly acclaimed MWH Geo-Surveys Ltd and would like to thank Kevin for being proactive to personally assist us during the pre-site survey. With their state of the art Aliod 100X micro-gal gravity meters and GPS data loggers utilizing proprietary G Control software exclusive to the company, we look forward to sharing the data with our most prized resource of all, our shareholders."
Raptor Resources Holdings Inc. (parent/holding Company)
Raptor Resources Holdings Inc. is the parent/holding Company with three independently operating subsidiaries: TAG Minerals Inc., Mabwe Minerals Inc. and Lantis Laser, Inc.
(www.raptorresourcesholdings.com)
About TAG Minerals Inc.
TAG Minerals Inc. is a U.S. based (incorporated in Wyoming) mineral resource acquisition, exploration and development company, with operations conducted through its operating affiliate, TAG Minerals Zimbabwe (Private) Limited. The company's business is managed by its directors and officers who have mineral extraction and commercial experience. TAG's strategy is to identify, acquire and exploit mineral properties that have potential. TAG Minerals is augmented by independent financial, geological, and mining professionals who advise the company on its mining and exploration projects throughout Zimbabwe, Africa.
To find out more about the mining equipment utilized by TAG; visit (www.extrac-tec.com)
About Mabwe Minerals Inc.
Mabwe Minerals Inc. is a U.S. based natural resources and hard asset OTCQB publicly traded, fully reporting company engaged in the mining and commercial sales of industrial minerals and metals.
About Lantis Laser, Inc.
Lantis Laser, Inc. is developing under license, synergistic, high resolution, light-based imaging modalities which can detect decay and microstructural defects at an early stage, and unlike x-ray, do not emit potentially harmful ionizing radiation. Its products are in development and cannot be sold until FDA clearance for marketing is obtained.
For more news on OCT in Dentistry; visit: (www.octnews.org)
Safe Harbor.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
SOURCE Raptor Resources Holdings Inc.
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