HENDERSON, NV, Oct. 05, 2016 (GLOBE NEWSWIRE) -- Double Crown Resources, Inc. (DDCC), today announces that at the request of our international precious metals customers, and after months of extensive due diligence and negotiations with mine owners in Mexico, Peru, Ecuador, Guatemala and other countries, the company has now entered into a binding participation agreement for controlling interest of a major gold, silver and minerals property in Mexico's Puebla region. Earlier in 2016 Double Crown established working relationships and contracts with international gold buyers for high volume shipments. With the acquisition of the Puebla mineral rights at this time, Double Crown will be able to greatly accelerate this business. Historically, the Puebla region mines have yielded an abundance of precious metals resources. Double Crown intends to use these resources for the fulfillment of multiple high value supply projects over the next several years. Double Crown is committing to invest up to $1,000,000 towards the funding of the Puebla mining acquisition.
The first phase of operations will be to immediately begin processing on a large supply of available gold tailings. Double Crown management anticipates that new revenue flow from the gold tailings processing and sales will begin within 60 days. This process will employ a new technology that is environmentally safe (green) and gives a higher yield of the precious metals. The representative for the mineral rights partnership has stated that he is very much in favor of this new green processing method as it will help protect the environment as well as stimulate the local economy.
In conjunction with this signed agreement, Double Crown is currently laying out plans to set up complete production operations at the established mining sites in Mexico. Double Crown will be sending a team to the region to immediately begin the initial gold tailings processing phase of the plans and then concentrate on other operations. Longer range objectives include employment of the advanced Translock² commodity transport system to maximize efficiency and improve safety, time and environmental standards. Further announcements will be made as we go forward.
About Double Crown Resources, Inc.
Double Crown Resources, Inc., is a publicly traded company in the natural resources industry. In addition to our minerals and global commodities supply business, we market the patent-pending, multi-advantage container system called Translock² (Translock Squared). This system is designed for highly efficient, economical and environmentally friendly shipment of aggregate commodities. Additionally, we hold a 100% interest in the Bateman gold and nickel prospect near Thunder Bay, Ontario, Canada. Double Crown Resources, Inc., originally founded in 2006, is based in Henderson, NV with marketing offices in Houston, TX.
Neither this press release nor any related calls or discussions constitutes an offer to sell, or the solicitation of an offer to buy, any securities.
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. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company's annual report on Form 10-K for the year ended December 31, 2014 as updated from time to time in our filings with the Securities and Exchange Commission. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services. For further information about Double Crown Resources, Inc., please refer to its website at http://www.doublecrownresources.com.
Double Crown Resources, Inc. Jerold S. Drew, CEO & Chairman of the Board 10120 S. Eastern Ave. Suite 200 Henderson, Nevada 89052 Phone: (707) 961-6016 Email: firstname.lastname@example.org
Source:Double Crown Resources, Inc.