Elray Resources, Inc.
OTC Bulletin Board : ELRA

Elray Resources, Inc.

June 01, 2009 04:00 ET

REPEAT: Evidence of Fourth Mineralised Zone Discovered Near "French Pit" on Elray's Porphyry Creek Project in Cambodia

LAS VEGAS, NEVADA--(Marketwire - June 1, 2009) - Elray Resources, Inc. (OTCBB:ELRA), a technically-driven mining and exploration company today confirmed that a fourth mineralised zone has been discovered near what is known as "The French Pit" on the Company's 100% owned, 9,000 hectare Porphyry Creek Project in Cambodia.

The "French Pit" and surrounding area was examined in detail and strong evidence was gathered to demonstrate the occurrence of a 4th mineralised zone in that area. A drainage ditch was excavated at the eastern end of the pit to enable future investigations.

The Porphyry Creek prospect area has been the subject of sporadic exploration activity for the last 50-years. All work to date has focussed on a small area of known outcrop originally discovered in the bed of Porphyry Creek. The most comprehensive exploration work was carried out by the French in the 1950's when they completed a large excavation locally known as "French Pit" on the east bank of Porphyry Creek, approximately 50m downstream of the original outcrop.

"The data gathered so far supports the conclusion that our Porphyry Creek property is heavily mineralised and worth further exploration," commented Mr. Barry J. Lucas, Executive Chairman of Elray Resources.

About Elray Resources, Inc.

Elray Resources, Inc. is a junior exploration and development Corporation which has successfully accumulated a portfolio of highly prospective, heavily mineralized mining tenements in South East Asia. Elray Resources, Inc.'s, primary objective is to source projects, conduct geological assessments and seek Joint Venture partners to develop the properties.

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Actual results may differ from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks associated with gold & precious mineral exploration risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation. More information about factors that potentially could affect the Company's financial results is included in its filings with the Securities and Exchange Commission.

Contact Information

  • Elray Resources, Inc.
    Jake Harris
    Investor Relations
    (347) 410-9782
    Email: ir@ElrayMining.com