CWRN: "Additional $100,000,000.00 in New Baja 14 Iron Found"
July 19 2010 - 6:36AM
Marketwired
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN), Robert L.
Cotton, President of Cotton & Western Mining, Inc. stated
today; that the company has discovered approximately an additional
1,000,000 metric tons of new iron ore bodies during the recent
survey of the Guadalupe concession boundaries. The new iron is
estimated at potentially $100,000,000.00 in revenue value based on
current CRF China Seaborne Trade Spot Market, (see iron ore index
below). The new iron ore bodies were found in a remote mountain
ravine bordering the southwest corner of the Guadalupe Concession
(Baja Pacific No. 14). Pre mining preparations are continuing with
expansion of roads to reach all the iron deposits that have been
found in the recent survey; these are quality, high grade magnetite
iron bearing deposits that were not in the original geological
survey. The company has placed photographs of the new iron deposits
on its website at the following link:
http://www.cottonwestern.com/baja-14-new-iron.php
A Company News Letter was sent out today containing pictures and
general information on the new iron to shareholders and other
business contacts. Persons interested in receiving Baja Mining
News, concerning the project may request a copy from the following
e-mail link: bajaminingnews@yahoo.com
Bulk shipments will be loaded out at the Pacific Ocean Port of
Ensenada, Baja California, Mexico. Pan American Minerals Ventures,
S.A. de C.V., a Joint Venture Company, shall be the operating
company for the Baja Pacific Iron Ore Mining Project. The project
is currently working under "Exploration Status" until all mining
permits are issued. More equipment will be arriving this week, to
include excavators, hammer, loaders, dozer work will be starting
back this week to complete the roads and level off the mining site
storage and truck loading lay-down yard.
Related News: The Spot Crude Iron Ore
Price for the China Seaborne Trade as reported on closing Friday,
July 16th, 2010 at CFR $115.34 per dry metric ton Port of Qingdao.
Daily index prices may be viewed at the Metal Bulletin link
below.
Metal Bulletin Iron Ore Index Link
http://www.mbironoreindex.com/
About Cotton & Western Mining, Inc.
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) is a Nevada
Corporation that is engaged in metal mineral exploration,
development and operations of "Iron Mineral Mining." For more
information, please visit the company's website at
www.cottonwestern.com.
Safe Harbor: Statements regarding financial matters in this
press release other than historical facts are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, Section 21E of the Securities Exchange Act of 1934, and as
that term is defined in the Private Securities Litigation Reform
Act of 1995. The Company intends that such statements about the
Company's future expectations, including future revenues and
earnings, technology efficacy and all other forward-looking
statements be subject to the Safe Harbors created thereby. The
Company is a development stage firm that continues to be dependent
upon outside capital to sustain its existence. Since these
statements (future operational results and sales) involve risks and
uncertainties and are subject to change at any time, the Company's
actual results may differ materially from expected results.
Contact: Cotton & Western Mining, Inc. 6942 FM 1960 East #
518 Humble, Texas 77346-2706 http://www.cottonwestern.com
+1(832)692-3542
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