(MENAFN- ACCESSWIRE ) LASVEGAS, NV / ACCESSWIRE / May 16, 2019 / Centaurus Diamond Technologies, Inc. (the "Company"or "Centaurus") (OTCQB: CTDT) is pleased to announce the completion of a jointventure and strategic land acquisition deal with Apache Mill Tailings USA, Inc.("Apache") on Apache's 24-acre Johnny Bull Mine in Chloride, AZ, for$10,080,000 in stock and cash.
Inexchange for 10 million shares of Centaurus' stock and $80,000 in cash, Apachewill conduct operations on Johnny Bull Mine and grant all recovered diamonds,sapphires, emeralds, and gemstones to Centaurus. Apache will also sell allnoble metals and rare earth minerals to Centaurus at 20% below spot marketprice. Additionally, both parties have agreed to share 2% of net revenue fromtheir separate revenue streams that originate from the mining complex.
TheJohnny Bull Mine is a 24-acre lot adjacent to the famous gold mining town ofChloride, Arizona and is less than 90 minutes away from Las Vegas. Eight holeswere dug in the early 1900's along a Kimberly dyke and are spaced between 200and 370 feet apart. Operations ceased when the Federal Government bannednon-strategic mining during WW2, mining operations have not resumed until now.Due to modern improvements in technology it is now practical to harvest theremaining value from the milled and mined tailings piles.
Apachehas hired Sierra Enterprises, LLC to commence operations in late May.Over one million tons of tailings are available for immediate processing, theentire ore deposits are estimated to be worth $22 billion.
In orderto verify the mineral wealth, spectroscopic assays were carried out from thesame locations that were assayed in the past by William Crutchfield, Jr.for the Santa Fe Railroad in 1980. To our pleasant surprise, all eight locationshad hit a rich Kimberly Dyke, due to a local caldera formed as a result ofvolcanic activity. The most promising pit assay detected 1.6 oz./ton of goldand 14.5 oz./ton of silver, high amounts of lead and zinc, and a very richgemstone deposit.
CEO ChasRadovich stated, "After reviewing the latest spectroscopy assay data and imagery, aswell as the third party assay reports, it made for an easy decision for ourBoard of Directors in the interest of our shareholders. We have minimized ourcosts and risks in this venture and stand to profit greatly as we integratethese "Made In America" diamonds and gemstones into our operations for bothindustrial and jewelry-grade use."
For moreinformation contact Chris Cass at Investor Relations for Centaurus at[email protected] .
SOURCE: Centaurus Diamond Technologies, Inc
MENAFN1605201900703708ID1098530725
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.