Richlea News

April 18, 2012 12:22 ET

Gold Miner Milton Ellis Rawe Acquires the Services of Geologist Howard V Metzler

LONDON, UNITED KINGDOM--(Marketwire - April 18, 2012) - London based Mining & Investment Company Milton Ellis Rawe headquartered at Citi Group centre canary wharf today announced that they have acquired the services of renowned independent Registered Professional Geologist Howard V Metzler. The agreement between Milton Ellis Rawe and Metzler, a Qualified Person as defined by Canadian National Instrument 43-101 gives Milton Ellis Rawe(MER) the services of Metzler for 5 years as of March 14 2012.

Metzler will provide MER with geological appraisal of all new and historical exploration data, all pre and on-going onsite geological expertise of all their North American gold mines. Having over three decades of mining experience, Metzler brings a wealth of mining practices well suited to drive down the cash cost of mining.

The agreement between MER and Metzler seen as somewhat of a coup for MER by the North American mining industry, will also allow for MER to take full advantage of Metzler's on the ground local knowledge in order to identify economically viable alluvial mining sites across North America. In particular Metzler's ability to re-evaluate mining sites with extensive historical data is seen as invaluable, given that MER are keen to acquire sites with reappraised historical data, seen as one of many risk reduction approaches that the company employ to safe guard shareholder and Investor money. Clive Ellis head of mining explained that "exposure to ever rising energy costs means that organisations in our sector must look to offset these costs via efficient, well managed mines. Having Howard on board allows us to fully utilise his expertise and benefit greatly from his vast experience of reducing wastage onsite."

Milton Ellis Rawe an emerging exploration and mining company with ever increasing mining assets across the world in particular North America are actively seeking proven, large, long life, expandable alluvial mines to act as the underlying asset of their hallmark GoldBelt Investment product. MER provide Institutional and sophisticated private clients the opportunity to invest in gold held in situ prior to the commencement of mining at a discount, to that of the quoted price against the London Bullion Market Associations second fixing.

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