LAS VEGAS, Jan. 23, 2013 /PRNewswire/ -- Texas Wyoming Drilling, Inc. announces today that the Yellow Jacket Placer mine located in Moapa Valley, Nevada will be the first project that the company will commence mining. Analytical and Historical reports of the property which is located in Moapa Valley, 50 miles north of Las Vegas 15.6 miles from I-15 and State Hwy. 160 show that there are minimum of eight (8) Transitional Metals and fifteen (15) Rare Earths found on the Yellow Jacket Placer mining district. The conservative total combined estimate of three (3), Transitional Metals of Gold, Rhodium, Platinum total approximately in the range of 72,000,000 ounces in the Yellow Jacket Project.
The U.S. Geological Survey (USGS) has done testing beyond 1900 feet and has reported that the placer material extends beyond this depth. The Nevada Bureau of Mines & Geology, Mackay School of Mines UNLV Reno, and the (USGS), prepared Bulletin #62- Geology and mineral Deposits of Clark County, Nevada indicating the highly mineralized sedimentary placer deposit encompassed by the Yellow Jacket Placer Project could easily reach a depth of 6,000 feet thick or ten times the depth of the historic drilling & testing program, which conservatively indicated over 62,000,000 ounces of gold, 43,000,000 ounces of Rhodium, and 22,000,000 ounces of platinum reserves. TWDL has the completed first phase report done by a certified Geologist on claim #108 and will continue to work with a Geologist to confirm all the above historical data. Actual results will be confirmed once mining begins to estimate true value of the reserves.
TWDL is very excited about the prospects and potential ROI in our mining operations for the Yellow Jacket. Legacy Rock has the equipment, and the Yellow Jacket has the precious metals, "We don't know what could be better."
Shareholders are welcomed to visit the Texas Wyoming Drilling, Inc. website:
http://www.texaswyomingdrilling.com for more information about all of our current projects. To view information concerning the Yellow Jacket in particular, shareholders should visit: http://www.texaswyomingdrilling.com/sharedgeologistreport108claim.pdf.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Texas Wyoming Drilling, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
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SOURCE Texas Wyoming Drilling, Inc.