SOURCE: Texas Wyoming Drilling, Inc.

June 17, 2011 01:00 ET

TWDL Finalizes Mineral Consulting Agreement With Industrial Mineral Developments, Inc.

LAS VEGAS, NV--(Marketwire - Jun 17, 2011) - Texas Wyoming Drilling, Inc. (PINKSHEETS: TWDL) and Industrial Mineral Developments, Inc. (IMD) announced today that they have signed an agreement for an evaluation of their Yellow Jacket and Blue Jacket Mines near Moapa and Nelson, Nevada. The report should be complete in mid to late August.

IMD proposes to supply a Geological Reconnaissance Technical Report that will test the accuracy of historical assay and geological data that TWDL obtained from previous owners of the mining claims at the Yellow Jacket and Blue Jacket claims. This geological report may be used to explain the mineral potential of the mining claims to the regulatory agencies and investors.

Certification of assays, exact locations and a chain of custody of samples certified by a licensed professional geologist and assayer will be critical to developing the mines. Assays are necessary to delineate mineable ore locations and develop the report which will be sent to a nationally accredited licensed assayer for analysis.

On each property -- Yellow Jacket and Blue Jacket -- IMD will produce a Canadian National Instrument (NI 43-101) Report unless TWDL's necessities alter timing or need for the NI 43-101 reporting. The NI 43-101 is the gold standard in mining reporting and disclosure. It is a national instrument for standards of disclosure for Mineral Projects in Canada and is internationally recognized. The purpose is to ensure that misleading, erroneous or fraudulent information relating to mineral properties is not published and promoted to investors. TWDL will then have proven reserves that substantiate dollar values for their two properties.

The full contract with all the details is posted on TWDL's website.

Cautionary Note Regarding Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Texas Wyoming Drilling, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

Contact Information

  • Media and Investor Relations Contact:
    Al Roensch
    Phone: (415) 342-1779