Harris Exploration Announces Acquisition of Fyfield Minera SA
March 15 2013 - 4:47PM
Marketwired
Harris Exploration, Inc. (PINKSHEETS: HXPN)
-- The Company is pleased to announce the
formal acquisition of 100% of all the issued and outstanding shares
of Fyfield Minera SA, a privately held mining and exploration
Company registered in El Oro Province, Ecuador with offices in
Machala, Ecuador.
Currently Fyfield's highly skilled and experienced 3rd
generation management team operates the Muluncay Midas Project #1
(Midas 1), an exploration, exploitation and mining operation
currently producing ore at 60 tpd, with an estimated resource value
present of 6 grms Au equivalent p/t. To date all production revenue
is being reinvested within the project. Further exploration has
exposed six 1m wide additional veins, off-shoots from the initial
2.5m wide Cristina vein located 80m from the operating adit. The
Company plans to continue further exploitation of these new veins
while increasing their Midas 1 60 tpd output to 250 tpd.
The Company further announces the appointment of Mr. Eduardo Luna Lara, General Manager Fyfield Minera
SA, to the Harris Exploration Inc, Board of Directors. An Internationally recognized
Mining Consultant, Eduardo brings many years of hands on expertise
and management experience to the Company. His ability to
communicate and provide socially acceptable mining solutions to
federal Governments, local municipalities and their many cultures
is invaluable to the future of Harris' future endeavors in South
America and our focus in the Ecuador operations at Muluncay.
About Harris Exploration; Harris Exploration Inc. (PINKSHEETS: HXPN); is a
Nevada registered, publicly traded Company involved in the
acquisition, financing, exploration and continued development of
prospective gold and VMS style precious metal properties throughout
Ecuador and other South America locations. The Company is
positioning itself to become a major producer in this market by
acquiring mineral bearing properties and mineral rights with
historical values in these regions.
About Fyfield Minera SA; Fyfield Minera SA, is a Ecuador registered Company
with its operation offices in the City of Machala. The Company is
an exploration, exploitation, mine operator and management Company
which currently owns 100% of the Muluncay Midas1 project. Using
skilled local labor and seasoned management, the Company continues
to acquire mining projects and opportunities of significant
interest within Ecuador.
For further information; please visit www.harrisgold.com
This press release is not an offer to sell or a solicitation of
an offer to buy securities, nor shall there be any sales of the
securities in any jurisdiction in which such offer, solicitation,
or sale would be unlawful.
Safe Harbor for forward-looking statements:
This release contains certain statements that are
"forward-looking" statements (as the term is defined in the Private
Securities Litigation Reform Act of 1995). Any such forward-looking
statements are inherently speculative and are based on currently
available information, operating plans and projections about future
expectations and trends. As such, they are subject to numerous
risks and uncertainties, such as general economic and business
conditions, the ability to acquire and develop specific projects,
the ability to fund operations, and other factors over which Harris
Exploration Inc. has little or no control. Actual results and
performance may be significantly different from expectations or
trends expressed or implied by such forward-looking statements.
Harris Exploration Inc. expressly disclaims any obligation to
update the statements contained in this release.
Contact: Harris Exploration, Inc. info@harrisgold.com
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