 Copper
King Mining Corporation (OTC: CPRK) is just announced
that the company has acquired 100% ownership of Western
Utah Copper Company.
The
merger brings together 2 very good assets which combined
total over 92,000 acres of mining claims, a line of
mining equipment including but not limited to core drills,
back hoes, crawlers, mining trucks, blasting equipment,
fuel trucks, and dozers. The company has to date removed
over 1,600,000 tons of overburden on their Hidden Treasure.
Removal of the overburden has produced in excess of
200,000 tons of ore, some of which is extremely high-grade
ore to be processed in the company's new state of the
art milling facility, that when completed will be capable
of processing 2,500 short tons of ore per day. The companies'
assets include numerous copper deposits that contain
gold and silver. The gold and silver is a substantial
credit to the copper ore and when compared to other
copper deposits worldwide, some of which have no gold
and silver at all, is very substantial.
The
estimated life of the combined assets of the companies
is over 300 years. The new company will retain the name
Copper King Mining Corporation and management of Western
Utah Copper will become the management team of the new
company. Copper
King Mining Corporation will set a new board of directors
to be announced, which will consist of members of the
boards from both companies.
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