AZHA-ZNXT Mining to Acquire Additional 9 Hectares of Proven Rich Copper and Gold
May 13 2009 - 2:58PM
Marketwired
AZHA Mining (formerly ZNext Mining Industries, Inc.) with OTC.PK
Stock Symbols: (PINKSHEETS: ZNXT) (OTC Preferred: ZNXPP), announces
that the new governance and mining team members are fast tracking
the unfinished job stalled during the economic meltdown in 2007 and
2008. The Board is re-assuring its shareholders that AZHA's
preferred approach and mining implementations are working well thus
far, to bringing this mining company into production and
profitability.
Meanwhile, AZHA Mining continues to gather the documentations to
complete FINRA MDI NASDAQ requirements. Dividends Distribution will
commence as soon as AZHA completes the final submission of the
required documents with the assignment of the Symbol to AZHA's
CUSIP # 05477T 109.
MINING UPDATES:
-- AZHA Mining Team to purchase another 9 hectares of mining site rich
with proven gold and copper minerals just north of XYZ Gold Mine Site. The
technical team is currently determining the viability of this project.
Should this be found viable, AZHA can show immediate revenue-making project
within this year, just from the sale of copper alone, besides gold.
-- MPSA for the XYZ Gold Project is finally registered, after 4 years of
being withheld in the Region V DENR-MGB Office. AZHA is grateful for the
cooperation of the Masbate local government officials, the Mayors and Vice-
mayors of the 3 towns surrounding the XYZ project, for granting the
company's Certifications of Acknowledgement & Clearance to operate. The
final documents have been submitted to be forwarded within this month by
the Region V to the Secretary of DENR in Manila Head Office. AZHA is
praying that the final large scale mining permit will soon be granted, so
the company can start the full blown XYZ mining operation.
-- AZHA purchased 3 lots in a small town just about 4 miles south east of
the XYZ Mine Site, to construct the Mineral Ore Crushing Plant and staff
house. Technical plans are designed to crush the mineral ores gathered from
the existing tunnels, then to be shipped for final processing and refining
in the Gango Gold Processing Plant in Bukidnon.
-- AZHA has included in the Gango Gold Plant design the addition of the
copper floatation device to the existing leaching refining plant. All
crushed mineral ores will be centrally processed and refined in Bukidnon.
Several tunnels of ZNEXT is being re-opened with the hiring of unskilled
local laborers.
-- AZHA is also studying the possibility of re-constructing a shorter
access road from Gango Gold Plant site towards Binasan Gold Project. A
meeting is scheduled in June, to meet with the Chieftain of Binasan with
the new governing Board of AZHA to discuss all matters related to the re-
opening of the Binasan Gold Project.
ABOUT THE COMPANY
AZHA Mining Corporation, Inc. is a company engaged in the
exploration and development of new and underdeveloped mine sites.
Its primary focus is in the production of gold, silver copper and
other precious metals. AZHA Mining was assigned the 100% interest
of the twelve (12) mining claims in British Columbia, Canada.
Additionally, the company was assigned the 100% Interests of the
PEARL's Mineral Production Sharing Agreement (MPSA) explorations
whose application registration has been on file in Region V since
2004; that includes all of PEARL's gold mining exploration,
development and production.
FORWARD STATEMENTS; Forward-looking statements in this release
include statements regarding the Company's projections regarding
gold, silver and precious metals explorations, extractions and
productions in future periods. Penny Stocks are highly speculative
and may be unsuitable for all but very aggressive investors. The
Company disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise.
CONTACT: Investor Relations: Dennis Bravs Secretary/IR Phone:
888-498-0001 E-mail: Email Contact www.AZHAMinining.com (under
Construction)
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