Royal Acquisitions and Development, Inc. (RQST-OTCIQ.PK) has entered
into preliminary discussions with a well known and established
exploration and mining company in the State of Sonora, Mexico. The
Company believes that this new relationship is extremely feasible to our
current plans for operations. The new potential acquisition lies
virtually in our same operational district which will serve us in travel
time, professional expenses and the overall costs associated with single
operations. The new concessions are located in the middle of three
highly successful and currently operating gold and copper mining
properties in the Sierra Madre mountain chain.
The Company will be receiving the initial independent Geological Reports
in the coming days. These additional mining operations have great
potential and would add significantly to the current business model of
the Company and would consolidate the Company’s
efforts within the region. The Company is always looking to add
potential assets to further its business strategies. The management’s
plans for 2008 are now becoming one step closer to reality.
Our Concession
The RQST land claim lies wholly in Sahuaripa County, Sonora, Mexico.
According to el Imparcial (the predominate regional newspaper of
Sonora), the gold production in Sahuaripa County alone will be roughly
4.65 tons of gold this year. As an example, the Mulatos mine provided in
the first quarter of 2006 22,680 ounces of gold, the Dolores mine
reported in the first quarter of 2006 3,000,000 ounces of gold and
149,000,000 ounces of silver, and the El Sauzal mine has recorded gold
reserves of nearly 2,000,000 ounces.
Further, the upward trend in neighboring mining reporting data, lends
sufficiency to the preliminary RQST assays. The RQST property neighbors
such rich mining sites as Mulatos of Alamos Gold (TSX.AGI) to the North,
Dolores of Minefinders (TSX.MFL) to the East, and El Sauzal of Glamis
Gold/Goldcorp (TSX.G) to the South and lends credence and raises
expectations that the RQST property has enormous potential that at least
meets the proven reserves of these well documented neighboring gold
mines.
About Royal Acquisitions and Development, Inc.
The company specializes in the development of mining, real estate and
other equitable acquisitions.
"Safe harbor" Statement under the Private Securities Litigation Reform
Act of 1995: This release includes forward looking statements intended
to qualify for the safe harbor from liability established by the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements generally can be identified by phrases such as TI or its
management "believes," "expects," "anticipates," "foresees,"
"forecasts," "estimates," or other words or phrases of similar import.
Similarly, statements in this release that describe our business
strategy, outlook, objectives, plans, intentions or goals are also
forward looking statements. All such forward-looking statements are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those in forward-looking statements.
For more information, please contact us at info@rqstinc.net.
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