Centaurus Announces the $10,080,000 Acquisition of the Historic Johnny Bull Mine and Newly Discovered Diamond and Gemstone
Centaurus Announces the $10,080,000 Acquisition of
the Historic Johnny Bull Mine and Newly Discovered Diamond and
Gemstone
Resource
LAS VEGAS, NV -- May 16, 2019 -- InvestorsHub NewsWire -- Centaurus
Diamond Technologies, Inc. (the "Company" or "Centaurus") (OTCQB: CTDT) is pleased to
announce the completion of a joint venture and strategic land
acquisition deal with Apache Mill Tailings USA, Inc. ("Apache") on
Apache's 24-acre Johnny Bull Mine in Chloride, AZ, for $10,080,000
in stock and
cash.
In exchange for
10 million shares of Centaurus' stock and $80,000 in cash, Apache
will conduct operations on Johnny Bull Mine and grant all recovered
diamonds, sapphires, emeralds, and gemstones to Centaurus. Apache
will also sell all noble metals and rare earth minerals to
Centaurus at 20% below spot market price. Additionally, both
parties have agreed to share 2% of net revenue from their separate
revenue streams that originate from the mining
complex.
The Johnny Bull
Mine is a 24-acre lot adjacent to the famous gold mining town of
Chloride, Arizona and is less than 90 minutes away from Las Vegas.
Eight holes were dug in the early 1900's along a Kimberly dyke and
are spaced between 200 and 370 feet apart. Operations ceased when
the Federal Government banned non-strategic mining during WW2,
mining operations have not resumed until now. Due to modern
improvements in technology it is now practical to harvest the
remaining value from the milled and mined tailings
piles.
Apache has
hired Sierra Enterprises, LLC to commence operations in late May.
Over one million tons of tailings are available for immediate
processing, the entire ore deposits are estimated to be worth $22
billion.
In order to
verify the mineral wealth, spectroscopic assays were carried out
from the same locations that were assayed in the past
by William Crutchfield, Jr. for the Santa Fe
Railroad in 1980. To our pleasant surprise, all eight locations had
hit a rich Kimberly Dyke, due to a local caldera formed as a result
of volcanic activity. The most promising pit assay detected 1.6
oz./ton of gold and 14.5 oz./ton of silver, high amounts of lead
and zinc, and a very rich gemstone
deposit.
CEO Chas
Radovich stated, "After reviewing the latest spectroscopy assay
data and imagery, as well as the third party assay reports, it made
for an easy decision for our Board of Directors in the interest of
our shareholders. We have minimized our costs and risks in this
venture and stand to profit greatly as we integrate these "Made In
America" diamonds and gemstones into our operations for both
industrial and jewelry-grade
use."
For more information contact Chris Cass at Investor Relations for
Centaurus at chris.cass@centaurustechnologiesinc.com.
SOURCE: Centaurus
Diamond Technologies,
Inc
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