Elray Resources Inc. has dedicated their efforts to becoming a multi-region multi-property exploration and production mining company. The company is focused on identifying and acquiring high value properties that are able to be quickly brought to the production phase. While staying committed to their business strategy, the company intends to operate responsibly and maximize shareholder value.
Elray was founded by a team of executives and geologists that have extensive experience within the mining industry. The team of professionals believe there is a niche for the company that can successfully combine the experience of those who have worked for major gold production companies with the responsiveness, speed and growth potential of a junior mining company.
The company’s portfolio currently includes heavily mineralized and highly prospective target properties located in South East Asia and North America. They have over 15,000 hectares in Cambodia, one of the last frontiers for precious/base metal discovery and development. The country has emerged as a stable pro-business country in the region and only recently allowed exploration using modern techniques.
Currently, Elray is working on the execution of a 24-month staged exploration and drilling works program to prove the reported reserves estimates of gold and other precious metals on its South East Asia properties. Exploration drilling, preliminary metallurgical test work and scoping studies will run in conjunction with data compilation, geological mapping, surface geological sampling and geological surveys to define drill targets. The value of Elray’s properties and shares is anticipated to grow rapidly if this program confirms management’s expectations and is able to prove estimated reserves.
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