GUAYAQUIL, ECUADOR--(Marketwire - Mar 15, 2013) - Harris Exploration, Inc. (PINKSHEETS: HXPN) -- The Company is pleased to announce the formal acquisition of 100% of all the issued and outstanding shares of Fyfield Minera SA, a privately held mining and exploration Company registered in El Oro Province, Ecuador with offices in Machala, Ecuador.
Currently Fyfield's highly skilled and experienced 3rd generation management team operates the Muluncay Midas Project #1 (Midas 1), an exploration, exploitation and mining operation currently producing ore at 60 tpd, with an estimated resource value present of 6 grms Au equivalent p/t. To date all production revenue is being reinvested within the project. Further exploration has exposed six 1m wide additional veins, off-shoots from the initial 2.5m wide Cristina vein located 80m from the operating adit. The Company plans to continue further exploitation of these new veins while increasing their Midas 1 60 tpd output to 250 tpd.
The Company further announces the appointment of Mr. Eduardo Luna Lara, General Manager Fyfield Minera SA, to the Harris Exploration Inc, Board of Directors. An Internationally recognized Mining Consultant, Eduardo brings many years of hands on expertise and management experience to the Company. His ability to communicate and provide socially acceptable mining solutions to federal Governments, local municipalities and their many cultures is invaluable to the future of Harris' future endeavors in South America and our focus in the Ecuador operations at Muluncay.
About Harris Exploration;
Harris Exploration Inc. (PINKSHEETS: HXPN); is a Nevada registered, publicly traded Company involved in the acquisition, financing, exploration and continued development of prospective gold and VMS style precious metal properties throughout Ecuador and other South America locations. The Company is positioning itself to become a major producer in this market by acquiring mineral bearing properties and mineral rights with historical values in these regions.
About Fyfield Minera SA;
Fyfield Minera SA, is a Ecuador registered Company with its operation offices in the City of Machala. The Company is an exploration, exploitation, mine operator and management Company which currently owns 100% of the Muluncay Midas1 project. Using skilled local labor and seasoned management, the Company continues to acquire mining projects and opportunities of significant interest within Ecuador.
For further information; please visit www.harrisgold.com
This press release is not an offer to sell or a solicitation of an offer to buy securities, nor shall there be any sales of the securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.
Safe Harbor for forward-looking statements:
This release contains certain statements that are "forward-looking" statements (as the term is defined in the Private Securities Litigation Reform Act of 1995). Any such forward-looking statements are inherently speculative and are based on currently available information, operating plans and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, and other factors over which Harris Exploration Inc. has little or no control. Actual results and performance may be significantly different from expectations or trends expressed or implied by such forward-looking statements. Harris Exploration Inc. expressly disclaims any obligation to update the statements contained in this release.