Trilliant Exploration Signs Letter of Intent to Acquire Ecuadorian Gold Processor to Increase Gold Production
NEW YORK, NY, Jul 14 (MARKET WIRE) --
Trilliant Exploration Corp. (OTCBB: TTXP), a fully operational and
producing gold mining company with concessions in Southern Ecuador,
announced today that its fully owned Ecuadorian operating subsidiary
Ayapambagold S.A. has signed a Letter of Intent (LOI) with publicly
traded, GB Global AG of Switzerland, to purchase a 100% stake in GB
Global's Compania Minera Santafe Mining S.A. (Santa Fe). Terms of the
acquisition have not been released at this time.
Compania Minera Santafe Mining, located in the El Oro Province, Ecuador,
has been in operation for since 2007. Santa Fe, which processes rock and
sand tailings, is currently being retrofitted to process 150 tons of rock
per day.
"We see Santa Fe as a key building block in El Oro province. The
acquisition of Santa Fe's processing facilities combined with Muluncaygold
will help us quickly move our Ecuadorian operations to full capacity and
Trilliant expects to be operating at a combined 200 tons per day very
soon," announced William Lieberman, Chief Executive Officer of Trilliant
Exploration. "Trilliant will be in full compliance with the new mining
laws of Ecuador which come into effect in February of 2010 and maintain
that Mining companies be operating at a minimum of 100 tons per day by
that time. Trilliant Exploration plans to be a very positive example for
foreign investors into the mineral rich country of Ecuador," he added.
For more information and recorded video and interview with CEO William
Lieberman please visit: www.miningstock.info
About Trilliant Exploration Corporation
Trilliant Exploration Corporation is a producing mineral exploration and
development Company with its Administrative offices located in New York
and principle operating concessions in Southern Ecuador, South America.
The Company is engaged in gold mining and related activities, including
exploration and acquisition of gold-bearing properties, the extraction and
processing of ore, and reclamation of mining properties.
Trilliant Exploration is currently exploring new opportunities in El Oro
province and is continuing its upgrade of Muluncaygold Corp S.A. The
Company is well on track to ramp up its ore processing capacity to 200
tons-per-day by the third quarter of 2009 and plans to reach its goal of
750 tons-per-day within the next 18 months.
The company's Muluncay Gold Project currently processes rock at 50
tons-per-day producing an average of 6 to 8 grams of gold per ton from its
concessions located in the center of the Portovelo-Zaruma mining camp. The
Portovelo-Zaruma region has conservatively produced 4.5 million ounces of
gold since 1905.
Forward-Looking Statements
This press release may contain certain forward-looking statements within
the meaning of Section 27A of the Securities and Exchange Act of 1933, as
amended, and Section 21E of the Securities and Exchange Act of 1934, as
amended, and such Forward Looking Statements are intended to be covered by
the safe harbors created thereby. Investors are cautioned that all
forward-looking statements involve risks and uncertainties.
All statements other than statements of historical fact in this
announcement are forward-looking statements, including but not limited to
the viability of the company's business plans, the effect of acquisitions
on our profitability, the effectiveness, profitability, and the
marketability of the Company's products; the Company's ability to protect
its proprietary information; general economic and business conditions; the
volatility of the company's operating results and financial condition; and
other risks detailed in the Company's filings with the Securities and
Exchange Commission.
These forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations, assumptions,
estimates and projections about the company and the industry. The Company
undertakes no obligation to update forward-looking statements to reflect
subsequent occurring events or circumstances, or to changes in its
expectations, except as may be required by law. Although the company
believes that the expectations expressed in these forward-looking
statements are reasonable, management cannot assure the public that their
expectations will turn out to be correct, and investors are cautioned
that actual results may differ materially from the anticipated results.
Contact:
Henry Harrison
IR PRO 2.0
Phone: 407-682-2001
Email: hharrison@insidewallstreet.com
Michael Elliott
For: Trilliant Exploration Corp.
Phone: (212) 560-5195
Email: info@ttxp.biz
Web: www.ttxp.biz
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