Elray Resources, Inc.
OTC Bulletin Board : ELRA

Elray Resources, Inc.

April 14, 2009 09:15 ET

Aggressive Start to Expose Gold and Copper Ore Body on Elray's Porphyry Creek Project

LAS VEGAS, NEVADA--(Marketwire - April 14, 2009) - Elray Resources, Inc. (OTCBB:ELRA), a technically-driven mining and exploration company is pleased to announce that it has commenced an aggressive program to expose a major ore body to a length totaling 60 meters at a depth of 10 meters on its 100% owned 9,000 hectare Porphyry Creek Project in Cambodia.

"Our independent geologists have high expectations that this activity will confirm the presence of a viable copper porphyry system with solid copper and gold mineralization based upon previous geological mapping and sampling," commented Mr. Barry J. Lucas, Executive Chairman of Elray. "This will be immediately followed by further trenching to expose more of the ore body in lines of 100 meters apart as recommended by the Company's supervising site Geologist."

Samples will be immediately dispatched to Mineral Assay and Services Co Ltd, an internationally accredited lab located in Bangkok, Thailand, to enable a geological assessment of future work to be done on the property.

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