DENVER, June 8 /PRNewswire-FirstCall/ -- RAZOR RESOURCES INC. (OTC Bulletin Board: RZOR) ("Razor Resources Inc." or the "Company") is pleased to announce the following update in the affairs of the Company.
Razor Resources is continuing its two-pronged approach to build shareholder value by enhancing current production methods, while expanding exploration to increase the size of the resource. Through upgrades to equipment currently being implemented, and a refinement of the leaching process, the Company will increase both the efficiency and the yield from our existing mining practices. The proceeds from our present production will allow us to implement the exploration plan as outlined in the 43-101. This independent geology report will be utilized to execute a follow up on the previous diamond drill programs as well as the initiation of new drilling in strategically targeted areas.
For further details of the independent geologist's report, please download a copy of the 43-101 at our website: www.razorresourcesinc.com.
Razor Resources Inc. (RZOR:BB) is a Denver, CO based gold producer engaged in gold mining and its associated activities including: exploration, extraction, processing, and reclamation. The Company specializes in sustainable, low-cost gold production and currently owns and operates the Clavo Rico mine in the Choluteca region of Honduras.
This current report 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 which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, continuing production from the
"Clavo Rico Mine," or the generation of positive cash flow as a result, updating of the corporate website or the availability of an independent geological report outlining the concessions, their production, and their potential.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of gold prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume 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 we believe that the 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. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE Razor Resources Inc.