Transoft Technologies Acquires Wellington Mining Projectadmin
John Browne, President of Transoft Technologies, announce the acquisition of the Wellington Mining Project, from Produelec S.A., located in Ecuador South America.
The Wellington Mining Project is comprised of a gold alluvial mining plant within the 3 mining concessions containing hard rock deposits and interesting values of gold-silver-copper-zinc. The Project is located to the southwest of Ecuador, 400 km southwest of Quito, and approximately 40 km to the east of Machala.
The Wellington Mining Project covers a total surface area of 1.800 hectares, having an irregular polygonal configuration.
Jaime S. Gomez, President of Produelec S.A., the seller, stated, “The project is still in the exploration phase but a preliminary NI43-101 report, written by an independent Canadian geologist, shows us an inferred resource of 1,225,000 ounces of Gold (Au). This project has tremendous potential which I believe represents only a fractional part of our property, (4,000 acres). I am happy to be part of a prosperous future with Transoft Technologies and look forward to our continued relationship.”