SALT LAKE CITY--(BUSINESS WIRE)--Ensurge, Inc. [OTCPink:ESGI] is pleased to announce that it has completed the acquisition of a 320 acre island property near the mouth of the Cuyuni River in Guyana. The property is in a gold producing area, and several water dredges have operated adjacent to the property for many years. The property is part of the Oko mining formation and has terrain that consists of white sand and dark colored gravel. Ensurge has been issued a prospecting permit from the Guyana Geology and Mines Commission (GGMC) for this project.
“Throughout most of 2016, we had concentrated our efforts on acquiring gold, diamond, and rare earth element properties for our portfolio. In 2017, we are focusing on further development and exploitation of the properties that we have acquired,” stated Ensurge’s CEO, Clint Mishleau. “This island gold property shows promising attributes, and is very close in proximity to the mining town of Bartica, which minimizes logistic costs. We have contracted a geologist to begin the initial testing phase in January and look forward to developing an execution plan on this prospect.”
In other recent developments, Ensurge has contracted and paid for several 43-101 reports on properties that it currently owns and operates. The company has made progress on its audit and remains confident that it will file its SEC form 10 in the first quarter of 2017.
More information about Ensurge, Inc. may be found online at www.ensurgeinc.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995.
Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.