CGrowth Capital, Inc. Updates Shareholders on Dolo
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Posted On: 07/07/2015 1:24:15 PM
CGrowth Capital, Inc. Updates Shareholders on Dolomite Survey - $CGRA
SILVERDALE, WA / ACCESSWIRE / July 7, 2015 / CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company"
is pleased to update shareholders on its progress on its 348 acre dolomite pit survey. N.L. Olson And Associates, a multi-disciplinary engineering, land surveying and planning firm with over 40 years of experience, has completed the topographical and quantification of total gross Magnesium Dolomite resources on the Company's Eastern Washington mineral leases known as the White Pit - with total gross resources exceeding 500,000,000 cubic yards of material.
"This truly is an enormous asset," stated Bill Wright, CEO of CGrowth Capital, Inc. "When we are looking at a potential multi-generational project, to quantify, qualify, and position it for sales and funding takes a good deal of time to do properly. The invaluable information presented by the survey is enabling us to move forward with proper valuation reports and move our discussions with funding sources to the next level."
The next steps currently in process include a Geologist review and a Competent Persons report (which may include NI 43-101 and/or JORC compliant report) to substantiate the probably reserve for mining, sales, and funding. The report(s) will evaluate all data and determine a net mineable quantification of magnesium dolomite in both cubic yards and monetarily.
SILVERDALE, WA / ACCESSWIRE / July 7, 2015 / CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company"
is pleased to update shareholders on its progress on its 348 acre dolomite pit survey. N.L. Olson And Associates, a multi-disciplinary engineering, land surveying and planning firm with over 40 years of experience, has completed the topographical and quantification of total gross Magnesium Dolomite resources on the Company's Eastern Washington mineral leases known as the White Pit - with total gross resources exceeding 500,000,000 cubic yards of material. "This truly is an enormous asset," stated Bill Wright, CEO of CGrowth Capital, Inc. "When we are looking at a potential multi-generational project, to quantify, qualify, and position it for sales and funding takes a good deal of time to do properly. The invaluable information presented by the survey is enabling us to move forward with proper valuation reports and move our discussions with funding sources to the next level."
The next steps currently in process include a Geologist review and a Competent Persons report (which may include NI 43-101 and/or JORC compliant report) to substantiate the probably reserve for mining, sales, and funding. The report(s) will evaluate all data and determine a net mineable quantification of magnesium dolomite in both cubic yards and monetarily.
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