Zoloto Resources Begins Operations
BusinessWire - Tue Aug 04, 8:58PM CDT
Zoloto Resources Ltd (OTC Pink: ZRSCF) with gold milling operations in Ecuador wishes to announce its financial results for the six(6) month period ending June 30, 2015. Revenue was $376,879 for the six months ending June 30,2015 versus no revenue for the same period last year. The net profit for the six(6) month period ending June 30,2015 was $175,803. The revenue and profits were generated in the second quarter of 2015 as operations came on line.
Zoloto Resources Continues to Expand Ecuador Operations
BusinessWire - Sun Jul 26, 9:54PM CDT
Zoloto Resources Ltd (OTC Pink: ZRSCF) with gold milling operations in Ecuador continues to expand its Ecuador operations through the acquisition of interests in proven producing oil reserves. The Company is projecting that it will be producing 50 to 60 barrels of oil per day by the end of September, 2015 and up to 100 barrels per day by the end of 2015.
Zoloto Resources to Begin Oil and Gas Operations in Ecuador
BusinessWire - Sun Jul 19, 8:57PM CDT
Zoloto Resources Ltd (OTC Pink: ZRSCF) with gold milling operations in Ecuador has entered into agreements to bring advanced oil and gas recovery technology into Ecuador to enhance flow rates from existing oil wells, increase initial flow rates in new oil and gas wells and to increase reservoir recovery rates by as much as 100%. The Company will acquire interests in existing proven oil reserves as well as participate in new oil ventures. Applying the new technology to these ventures will result in improved cash flows despite the reduction of the price of oil as the flow rates are increased. Also the value of the actual reserves will be increased by increasing recovery rates by up to 100%.
Zoloto Resources Expands Operations in Ecuador
BusinessWire - Sun May 31, 9:35PM CDT
Zoloto Resources Ltd (OTC Pink: ZRSCF) with gold milling operations in Ecuador has expanded its operations into the Oil and Gas industry in Ecuador. The Company has agreed to enter into a joint venture with an Ecuadorian company where it will supply technology and equipment necessary to enhance flow rates by as much as 3 times and increase oil recovery percentages in existing reservoirs by 100%. The technology will also increase initial flow rates in new ventures as well as increase the recoverable reserves.
Zoloto Resources Continues Operations in Ecuador
BusinessWire - Mon Jan 12, 6:01AM CST
Zoloto Resources Ltd ( OTC Pink:ZRSCF ) with milling operations in Ecuador has been in operation since November, 2014 on its Zumba project. The Company projected that the mill would initially process 30 Tons of ore per day with an average head grade of 3 grms of gold per ton. In January, 2015, the company is projecting 45 Tons of ore per day with an average head grade of 5 grms of gold per ton ( $210,000 per month).
Zoloto Resources Ltd. Begins Operations in Ecuador
BusinessWire - Tue Nov 04, 1:20PM CST
Zoloto Resources Ltd. (OTC Pink:ZRSCF) with milling operations in Ecuador has begun milling operations on its Zumba project. The mill is processing 30 tons of ore per day with an average head grade of 3gms per ton ($87075.00 per month). It is expected that based on independent testing that the head grade will increase to an average of 6gms per ton which will generate 154 ozs of gold per month ($184,000 per month). The capacity of the mill is 100 tons of ore per day. The company expects to reach this level of production by March 2015. The Company will also generate additional revenue through contract milling with independent miners. The Company will continue pursuing milling opportunities in Ecuador.