SILVERDALE, WA--(Marketwired - Mar 25, 2014) - CGrowth Capital, Inc. (PINKSHEETS: CGRA) (OTC Pink: CGRA) (the "Company") is pleased to announce that it has made advances in the progress towards processing of its silver ore material from the Deer Trail Mine in Eastern Washington. The Company has recently completed necessary work on its laydown yard, which is used for the staging and loading of ore for shipment. Improvements included the completion of road excavation, the distribution of over 700 yards of roadbed rock, and preparing the site for permanent weigh scales. In conjunction with improvements, the Company executed contracts with vendors for both the hauling and processing of the silver ore material in Montana.
The Company continues to work with investors and its mining partners, and is wrapping up the quarter by completing the extraction of 750 tons of its silver ore material to be used for a pilot test. The ore material has been delivered to the processor, and the Company expects processing to begin prior to the end of the month in Philipsburg, Montana. The Company expects to announce the results follow the processing and analysis by third parties.
"Winter is historically a tough time for surface mining, with many operations shut down until the spring thaw," said Bill Wright, CEO of CGrowth Capital, Inc. "However our team has not been deterred and has pressed forward with not only the small pieces of the puzzle, but has completed multiple projects and milestone to get our ore to the processing facility. Our laydown yard is in order and we have major contracts in place. Thanks to the cooperation of our partners, MRJ Resources and Cedar Canyon Mining Corp, along with private project investors, we are confident that we will be able to continue with our initiative and move our pilot project into full production."
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. serves as a holding company for businesses and assets focused on all aspects of mining, minerals, and exploration. The processing of metal ore mining and oil and gas exploration both represent multi-billion dollar market opportunities which are capitalized through processing, sales, contracting and licensing of assets. CGrowth Capital's services and solutions are designed to assist land owners with monetizing undervalued assets by bringing commodities such as gold, silver, oil and gas, and other minerals to market. CGrowth Capital will focus on acquiring, leasing, or "claiming" land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of mining exploration and operations.
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "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 as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.