LAS VEGAS, Sept. 9, 2015 (GLOBE NEWSWIRE) -- Transnational Group, Inc. "Transnational" (OTC:TAMG) today announced that the Company has expanded the total size of its gypsum property located in Sandy Valley, NV to 1,260 acres after recently acquiring an additional 540 acres of claims from the Bureau of Land Management (BLM).
"Transnational is excited to announce that we've acquired additional claims that have nearly doubled the size of our Sandy Valley gypsum property," commented Dr. Philip Dutoit, Transnational Group's CEO.
Sandy Valley, Nevada is located approximately 45 miles from Las Vegas, bordered on the East by the southern extension of the Spring Mountains and on the west by the California state line. Mining operations in Sandy Valley began in the 19th century.
"Sandy Valley has great potential to yield significant amounts of high-grade gypsum. Now that we have secured funding and mining equipment through our recently announced agreement, Transnational is well positioned to maximize the production from this property. We expect the company to begin production and revenue generation by the first quarter of 2016," added the Company's CFO, Martin Katz.
About Transnational Group, Inc.
Transnational Group is a mineral and natural resource exploration company focused on acquiring and mining mineral-rich assets in the Southwestern United States. The Company's mission is to acquire properties rich in high-grade gypsum and other minerals that have the potential for long-term production and sustainable revenue generation. Transnational is continuously exploring strategic acquisition, partnership and joint venture opportunities that can increase its capital, equipment and natural resource assets.
Investors: The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this press release, such as "reserves," "resources," "geologic resources," "proven," "probable," "measured," "indicated," or "inferred," which may not be consistent with the reserve definitions established by the SEC. U.S. investors are urged to consider closely the disclosures in our reports filed with the OTC Markets Group, Inc.
Forward-Looking Statements:
This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control.