QUITO, ECUADOR -- (Marketwire) -- 06/25/09 -- Quri Resources, Inc. (PINKSHEETS: QURI)
entered into a letter of intent to acquire La Conquista mine in January of
2009. Upon receiving positive results from an intensive exploratory
campaign that started in April 2009, management informed G&G Mining that it
was going to exercise its option to acquire La Conquista gold mine in
Pacto, Ecuador.
Results on these samples show 10 to 60 grams per ton. These samples were
taken from the exploratory tunnels (galleries up to 30 meters) which follow
major veins within La Conquista. The mineralization that occurs in La
Conquista corresponds to a hydrothermal and mysothermal system. Intrusive
mineralization produced quartz veins bound south to south east with
variations of 35 to 70 degrees. There is also presence of sulphurs such as
pirite, calcopirite and galen. Samples that were taken from the exterior of
the galleries show very low results, which indicate that mineralization
concentration is much higher as the vein continues in the exploratory
galleries. Better results are expected the deeper we probe within the
exploratory tunnels.
Eduardo Muñoz, Vice President of Quri Resources, Inc., stated, "We have
secured the land rights on this property with the intention to build a
plant; the results we have gotten from the analyzed samples confirm the
potential we have seen in La Conquista. We are in discussions with an
investment group to finance this acquisition and expect to close within the
next 30 days."
Quri Resources is a U.S.-based junior mining company committed to the
exploration, discovery and development of gold, silver, copper and other
mineral resources. Quri Resources, Inc. holds mining rights and mineral
concessions throughout Ecuador. These concessions are in different stages of
exploration and development.
Founded by professionals with unmatched expertise in the mining industry in
South America and North America, we are working for a better future for our
customers, neighbors, and shareholders. We are committed to exploring
responsibly, maintaining environmentally friendly policies while impacting
the local economy in an exponentially positive manner that will allow our
shareholders to take pride in their investment.
For more information about us, please visit our web site
www.quriresources.net
Some of the statements contained herein may be forward-looking statements
which involve known and unknown risks and uncertainties. Without limitation,
statements regarding potential mineralization and resources, exploration
results, and future plans and objectives of the Company are forward-looking
statements that involve various degrees of risk. The following are important
factors that could cause the Company's actual results to differ materially
from those expressed or implied by such forward-looking statements: changes
in the worldwide price of mineral commodities, general market conditions,
risks inherent in mineral exploration, risks associated with development,
construction and mining operations, the uncertainty of future profitability
and the uncertainty of access to additional capital.
For more information please contact
Quri Resources, Inc.
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