YUMA, Ariz., Feb. 14, 2012 /PRNewswire/ -- Monkey Rock Group
Inc. trading under the symbol MKRO (soon to be renamed Nissi Mining
Co.), now headed by Dexter Aspacio,
is pleased to announce that a Letter of Intent has been signed to
lease a commercial property at: 1211 Arizona Ave, Yuma, AZ 85364.
The facility includes a main office, warehouse, along with
fenced and unfenced land areas .The company also has first right of
refusal to lease additional space that would be used as a assaying
and chemist lab. The facility will function as the new corporate
headquarters, staging area for the pay dirt, and house all the
crushing and milling equipment necessary to extract all metal ore
from the dirt.
The company intends to begin occupancy on or before March 31, 2012.The company will occupy the
facility for 2 years and have up to (4) two year options to renew
its lease without further increases in rent.The Company also has
the option to purchase the facility before or during its occupancy
at 95% of the then current appraised value.
The Company will make every effort to get all operational
permits and obtain the necessary funds for the lease in a timely
manner.
"This is the first step for our company to begin its operations
of mining our claims at the Los Flores Mine," stated Mr.
Aspacio!
The Company plans on mining the existing mineable resources of
the Los Flores Mine which has an independently documented,
estimated in-place gross value of approximately $3 billion in gold for production (See our latest
GEO Report completed by: Mr. Craig L.
Parkinson of West Coast Environmental & Engineering.)
The average gold grade of all samples is estimated at .246 ounce
per ton with the average gold grade of all high grade samples being
.312 ounce per ton. The geological report and valuation make
conservative estimates taking 1/10 of the high grade average to
calculate and estimate a conservative gold grade of .0312 ounce per
ton. The estimated tonnage of mineable ore is calculated at
58,500,000 tons with estimated In-Place Gross Values of
approximately 1,800,000 ounces of gold. The Los Flores Mine is
located 15 miles northeast of the city of Yuma, Arizona.
For additional information on Nissi Mining along with certified
geological reports, surveys and all other documentation pertaining
to the mine and its operations please visit our website at
www.nissiminingco.com
CONTACT:
Dexter Aspacio
Monkey Rock Group Inc.
(928) 304-8817
Dexter@nissiminingco.com
www.nissiminingco.com
SOURCE Monkey Rock Group Inc.