YUMA, Ariz., June 29, 2011 /PRNewswire/ -- Monkey Rock Group,
(Pink Sheets: MKRO) has reorganized its top management and has
restated its core mission to that of Mineral Producer, producing
silver, gold and other metals.
According to its recently published Information Statement (Form
14f) and 8 K, Monkey Rock has sold a controlling interest in the
company to Nissi Mining for $149,000
plus assumption of certain liabilities.
The reorganized company will be headed by Dexter Aspacio. Mr. Aspacio is the founder of
Nissi Mining Group, Inc., a Hawaiian corporation and the parent
company of Nissi Mining Co. Mr. Aspacio launched the Nissi
Mining Corp as a wholly owned subsidiary of the Nissi Group to own
and operate the Los Flores Mine.
Mr. Aspacio has received a Part 48 certificate of completion for
miners training by the ASMI office and in conjunction with MSHA,
has met all the requirements for the following: Hazard
Recognition, Statutory Rights of Miners, Self Rescue and
Respiratory Devices, Transport and Communications Systems, Ground
Control and Ventilation, Mandatory Health and Safety
Standards, Authority and Responsibility of Supervisors &
Miners Representatives, Health, Electrical Hazards, First Aid/BBP
and CPR, Explosives, and Prevention of Accident.
Monkey Rock Group, Inc. ("Monkey Rock"), a Delaware
Corporation, will ultimately be rebranded and renamed
NISSI Mining with its core mission being to mine its mineral
claims filed in Yuma with the
Bureau of Land Management (BLM) for an estimated 1,800,000 ounces
of gold estimated to be in the rock as per an assayers report done
in August 2010.
The geological evaluation report, dated August 6, 2010 by West Coast Environmental and
Engineering, a geological engineering firm located in California with offices in Ventura and Nevada
City noted: "The Los Flores (Laguna) District has an
extensive history of gold development and production, From both
lode vein-type underground mines and surface alluvial placer
deposits. The lode Mines and prospects had a reported
production of 556 tons of ore yielding 324 ounces gold and 661
ounces silver (Arizona Bureau of Geology and Mineral Technology,
1978). The gold grade Calculated from these production
figures is .583 ounces of gold per ton of ore, with a calculated
Silver grade of 1.189 ounces silver per ton. The Los Flores
District placers historically produced 7500 ounces of gold as of
1978. The Los Flores placers produced several thousand ounces
of Gold for the total period from the late 1850's to 1950's.
"Arizona Geological Survey Open-File Report 85-12 (1985)
provides a summary of the ore Grades for the metallic mineral
districts of Arizona. The
average gold grade for the Laguna District is .342 ounces gold per
ton, and the average for Yuma
County is .357 ounces gold per ton.
"These gold grades support those stated within previous reports,
and are evidence to support the occurrence of potentially high gold
grades within the Los Flores Mine. Total resources on the Los
Flores Mine Property are conservatively estimated at approximately
58.5 million tons of gold-bearing rock containing approximately 1.8
million ounces of gold.
"Using a price of $1500 per ounce
of gold (Info Mine: Approximate 1-Year Average Price), the In Place
Gross Value of the gold resources on the property is projected at
$2.7 billion. This valuation
does not include development, production, and operational
costs."
The new management expects that with adequate funding, the
company will be able to extract significant quantities of gold,
silver and other metals including copper.
This press release contains "forward-looking" statements as that
term is defined by Section 27A of the Securities Act of 1933, as
amended, (the "Securities Act") and Section 21E of the Securities
Exchange Act of 1934, as amended, (the "Exchange Act"). All
statements that are included in this press release other than
statements of historical fact are "forward-looking" statements.
Although Monkey Rock Group, Inc. believes that the expectations
reflecting in these forward-looking statements are reasonable, it
can give no assurance that such expectations will materialize.
Important factors could cause actual results to differ materially
from the expectations as disclosed herein, including without
limitation, in conjunction with these forward-looking statements
contained in this press release.
Contact
Dexter F.K. Aspacio
291 S. Main Street, Suite J
Yuma, AZ 85364:
928 304 8817
http://www.nissiminingco.com
SOURCE Monkey Rock Group, Inc.