ST. GEORGE, Utah, Aug. 30, 2011 /
PRNewswire/ --
Bullion Monarch Mining Inc. (OTCQB: BULM) is pleased to announce exploration results from the regional stream sediment sampling program at our Bom Jardim project area located in the Tapajos Gold Province, Para State, Brazil. Bullion Monarch's property holding in this strategic area has increased in size and now constitutes 21,162.03 Hectares within the prospective Tocantinzinho trend. Neighboring property owners include Tristar Gold and
Magellan Minerals.
Initial pinta count analysis (visible gold particle count) and regional mapping identified multiple anomalous areas specifically concentrated in the central portion of the property within a broad NW trending anomalous zone.
Geochemical analysis has confirmed the anomalous gold (Au) and base-metal values with many gold values above 0.5 grams per tonne (gpt) gold and up to 15.9 gpt gold. Some of these areas are associated with coarse gold. High values of associated base-metals include Co, Cr, V & Zn which confirms the prospective nature of the local geology for volcanic related mineralization. All samples were sent to Intertek Laboratoreis for gold and 21 element analysis.
CEO R. Don Morris comments, “I am exceedingly pleased with the management of our Dourave subsidiary and their expertise in the Tapajos region of Brazil. The high gold values found in stream sediments demonstrate the Bom Jardim property as a promising target and strengthens our strategic holdings in the Tapajos. Bullion Monarch's royalty stream provides a uniquely secure platform for long-term growth“.
This press release was reviewed by Bryan Miles, B.Sc. Geological Sciences, Professional Geologist, State of California 8739, a qualified person in compliance with national instrument 43-101.
About Bullion Monarch Mining
Bullion Monarch Mining Inc. is a publicly traded (OTC: BULM (FRA: BMJ)) gold-focused royalty company with additional interests in oil-shale technology. The Company is engaged in a continual review of opportunities to create growth through developing new royalties or participating interests by financing mine development or exploration. The majority of current royalty revenues are derived from a high-quality claim block located in Northeastern Nevada's Carlin Trend. Bullion Monarch's portfolio provides for direct leverage to commodity prices as well as the exploration potential of world-class ore deposits. Visit the Company website at www.bullionmm.com for more information.
Investor Relations Contact
Joseph Morris
info@bullionmm.com
(801) 426-8111
“Safe Harbor“ Statement under Private Securities Litigation Reform Act of 1995.
Certain statements contained in this report constitute “forward-looking statements“ within the meaning of the Private Securities Litigation Reform Act of 1995. Information contained in this report contains “forward-looking statements' which can be identified by the use of forward-looking terminology such as “believe“, “expect“, “may“, “should“, “up to“, “approximately“, “seem“, “likely“, or “anticipates“ or the negative thereof or given that the future results covered by such forward looking statements will be achieved. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only for the date the statements was made. Investors should carefully consider the preceding information as well as information contained in the Company's Form 10 Registration Statement before making any investment in the shares of the Company. Neither Bullion Monarch Mining Inc. nor its subsidiaries, undertake any obligation to update any forward-looking statements contained in this press release. This press release is for informational purposes only and is not and should not be construed as an offer to solicit, buy or sell any security.
