PIURA, Peru, Dec. 1 /PRNewswire-FirstCall/ - MonArc Corporation www.monacorporation.com (MonArc) PINKSHEETS: MONA.PK Andrea Gold SA, the operating subsidiary company of MonArc proudly announces the negotiations have now concluded on the successful acquisition of a further 400ha of premium producing gold and silver property. This is in addition to the 480ha currently held by Andrea Gold, boosting the highly productive land holding of Gold and Silver bearing ores is now 880ha.
These ores substantially increase the profitability of the operation, as Andrea Gold retains 95% of the ore value less the mining costs as opposed to treating ore from customers on a contract basis.
Negotiations are currently underway to purchase a modern copper processing plant near the company owned leases in Peru along with additional copper based land acquisitions.
Further news in relation to this will be released shortly.
Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
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