HENDERSON, Nev.--(BUSINESS WIRE)--May 27, 2014 -- Double Crown Resources, Inc. (OTCQB: DDCC), a fully reporting company, (hereinafter, "Double Crown"), is extremely pleased to announce that a formal contract has been signed granting the company exclusive rights to all barite ore from the Bilojom II mine in Guatemala. This is a milestone event for both the Double Crown company and also the people of Guatemala who are now in a position to receive a powerful and far reaching economic stimulus from the full development of their country's premium mineral assets which are in tremendous demand by today's expanding petroleum energy market. The Bilojom II mine is a major natural resource for the highest grade barite, exceeding current American Petroleum Institute (API) standards and possesses a very high capacity to produce this important strategic mineral. Barite (barium sulfate) is used as a key weighting agent in modern oilfield extraction methods by both on-shore and off-shore drillers throughout the world. With barite export operations planned to begin by the 3rd quarter of 2014, the benefits to everyone involved with Double Crown, and all the local operations in Guatemala, are expected in the very near term. The anticipated high revenues generated from this development can not only enhance DDCC shareholder value but also vastly help improve the lives of the Guatemalan people by creating new and better paying employment in a wide range of services associated directly or indirectly with the mining & shipping operations. Double Crown management wishes to express great thanks to everyone who worked hard to bring success to this project including, of course, all of our attorneys in both the U.S. and Guatemala for their very professional, comprehensive and timely efforts.
Double Crown is now in negotiations to commence barite ore shipments from the Bilojom II mine site via the Guatemalan deep water port of Santo Tomas de Castilla. Local government officials and the managers of this port have already expressed very strong enthusiasm for working with us on this endeavor and are preparing for expansion as well as infrastructure improvements for our planned operations. Initially, barite will be shipped directly to Double Crown's customers who have their own processing facilities. At a later point, the shipments will be directed to New Orleans, LA to be prepared for use at the plant we have leased there and anticipate to be operational in 2015. This plant will utilize Double Crown's patent-pending aggregate material transport container system for the most efficient, cost effective and environmentally friendly method of delivery by truck, rail or water shipping methods. As recently announced, this game-changing transport system has just undergone significant new design engineering work and has been refined to a state that is now far advanced of any other method of aggregate material transport in the global shipping industry today. We will literally be true to our company slogan; "We drive the minerals that drive the market," and we will drive the minerals to the market via our patent-pending new transport system.
Regarding the signing of the contract for rights to the Bilojom II mine site and related plans, Chief Operating Officer Antonio B. Castillo commented, "I am so glad that my recent travels to Guatemala and the contacts established there have helped Double Crown Resources establish exclusive control over this major source of the highest grade barite which is such a valuable commodity in the world today. Through our management's market research over the past year we became aware that Bilojom II was a greatly prized source of high grade barite with some of the very best testing ore that actually exceeds current API standards. We also learned that a number of major interests in the global oilfield drilling industry were seeking access to or control of Bilojom II for this reason. Beyond the given benefit to DDCC shareholder value, our management could not be happier that we will be helping all the Guatemalan people involved with this project in so many ways. In addition to the new employment that will be created, Guatemalan business & government officials will be able to take advantage of a new long-term, high value revenue stream to create or improve social services on every local level including healthcare, education, communications, technological advancements and much more. This is a great step forward for our company, its investors and for the people in Guatemala who can now benefit immensely and almost immediately from the value of their country's own natural resources."
About Double Crown Resources, Inc.
Double Crown Resources, Inc. is a natural resource exploration and development company holding a 100% interest in the Bateman gold & nickel prospect near Thunder Bay, Ontario, Canada. In addition, Double Crown is targeting new properties as well as oilfield supply & service projects that have the potential for near-term positive cash flow. The company is presently reviewing a number of new natural resource properties that are near to, or in production, located in North, South and Latin America. Multiple oilfield service projects are currently under active development. Double Crown Resources, Inc., originally founded in 2006, is based in Henderson, NV.
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You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Double Crown Resources, Inc., please refer to its website at http://www.doublecrownresources.com/.