Science & Technology 
Science and Technology
Science and Technology 
Thu, June 25, 2009
Wed, June 24, 2009
Tue, June 23, 2009
Quri Resources, Inc.: Quri Resources, Inc. Secures Land Rights in La Conquista
QUITO, ECUADOR--(Marketwire - June 23, 2009) - Quri Resources Inc. -- Eduardo Muñoz, VP of Quri Resources, Inc. (
Quri Resources, Inc. entered into a letter of intent on January of 2009 with G&G Mining Corp., which granted Quri Resources the option to acquire G&G properties in the United States and in Ecuador. The company has informed G&G Mining, that it will exercise its option to acquire the Conquista concession in Pacto, Ecuador.
Geochemical investigations conducted in 1990 by the Ecuadorian Government in cooperation with the British Geological Survey indicate two major metallic anomalies in the zone of Pacto, where La Conquista is located. The property has 2 working mines, the Santa Teresa and Palanzuro. Current exploratory efforts have revealed five veins where free gold can be observed and concentrations of up to 10 grams per ton are present according to sampling studies. Past production in addition to continued sampling have shown probable gold deposits exceeding management's original expectations.
Eduardo Muñoz, Vice President of Quri Resources, Inc., Stated, "Securing the land rights on this property has vital importance to our growth in the region. We have the great opportunity to own the surface rights above La Conquista, combined with our option to acquire the mine. This places us in a very unique position." Mr. Muñoz then stated, "We are in the midst of securing financing in order to exercise our option to acquire La Conquista."
Quri Resources is U.S.-based junior mining company committed to the exploration, discovery and development of gold, silver, copper and other mineral resources. Quri Resources, Inc. holds mining rights and mineral concessions throughout Ecuador. These concessions are in different stages of exploration and development.
Founded by professionals with unmatched expertise in the mining industry in South America and North America, we are working for a better future for our customers, neighbors, and shareholders. We are committed to exploring responsibly, maintaining environmentally friendly policies while impacting the local economy in an exponentially positive manner that will allow our shareholders to take pride in their investment.
For more information about us, please visit our web site, [ www.quriresources.net ]
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.