LAS VEGAS, June 24, 2010 (GLOBE NEWSWIRE) -- The management and staff of Selva Resources are delighted to announce the strategic agreement to source and the company's alliance with Molino Boris based in Suyo Peru to deliver its total production capacity of high-grade gold ore to Selva processing facilities in Piura Peru.
Selva Resources, through its purchasing office in Piura, continues to develop sourcing partnerships with mining producers of the region and has now signed it first exclusive agreement with an important producer in Suyo. Deal terms provide Selva with plant feed stock expected to satisfy the company's Nazca facility at capacity. Enthusiastic President, Luis Pella, states "That committing this high-grade supplier is expected to increase our average ore grade to over one ounce per ton gold value while the simple oxide metallurgy is characteristic of this Suyo district and the reason we have targeted the region for our proposed plant construction. The company is pleased that its buying efforts have resulted in such a valuable supplier." Mr. Granda, President of Molino Boris, believes "the security of a single premium buyer makes our planed expansion of production assured."
ABOUT SELVA RESOURCES
Selva Resources has been formed for the express purpose of developing mineral processing facilities in frontier mining communities still offering unexploited opportunities. By providing these remote miners with access to modern ore processing facilities, the Company advances the government's formalization and environmental protection goal while also sustainably improving the economic and public health of these communities.
For more information, please contact the office or visit www.selvaresources.com.
On Behalf of the Board,
Executive Chairman, Lisa Logan
President, Luis Pella
This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Copyright (c) 2010 Selva Resources Corp. - All rights reserved.