NEW YORK, July 27, 2005 (PRIMEZONE) -- Mayfair Mining & Minerals, Inc. (OTCBB:MFMM) is pleased to announce that staffing and preparation of its amethyst claims in the Kalomo area of Zambia is underway for the commencement of production during the current quarter. The company's amethyst properties, which are owned 100% by Mayfair Mining & Minerals (Zambia) Limited are located in the Mapatizya constituency of the Kalomo District, approximately 115 kilometres from Kalomo Town and 500 kilometres from Lusaka, the capital of Zambia.
Mapatizya is the principal amethyst mining area in Zambia and is divided into 68 licences. There is good road access to the properties. Mayfair's mining concessions surround Kariba Gemstones and the properties host a similar style of mineral veins to Kariba, which is the largest amethyst producing mine in Zambia. The company is moving bulldozing equipment onsite and has now employed a total of 19 labourers, guards and supervisors in Mapatizya and another 19 sorters at the Company's headquarters in Kafue.
The Mining Operations Manager, Upendo Nyendwa, is continuing to prospect new areas within the company's concessions. The company's aim is to have available a wide product portfolio of differing grades of amethyst to offer the market, and will presently concentrate its efforts on three of the four concessions held by the company -- concessions SP27 and SP42, which are expected to yield bulk tonnage material and concession SP 78 where the company expects to produce high grade amethyst. Company employees will prepare the gem quality material to the standards required for marketing internationally. Mayfair Mining & Minerals (Zambia) Limited expects to become a viable competitor in the Amethyst mining industry.
On behalf of the Board of Directors, Eur. Ing. Dr. Michael Harold Smith, FIMM, C.Eng. Director. Contact: Clive de Larrabeiti President - + 44 1444 487100 info@mayfair-mining.com
SAFE HARBOR STATEMENT - This news release may include forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the Company's analysis of opportunities in the acquisition and development of various mining project interests and certain other matters. These statements are made under the "Safe Harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward looking statements contained herein. Forward-looking statements 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 described in this press release. Such risks include, but are not limited to terrorist activities that may affect our business or the economy in general; lack of success in mining activities; the prices of metals and gemstones; lack of funds to conduct mining activities; increase in costs of production, and similar risks. For further information about the Company, please refer to its materials filed with the Securities and Exchange Commission and available on the SEC Web site at www.sec.gov