HENDERSON, NV, Feb. 16, 2016 (GLOBE NEWSWIRE) -- Double Crown Resources, Inc. (DDCC), a fully reporting company, has signed a new contract for the exclusive use of a state of the art technology which greatly improves upon previous methods for the location, identification and evaluation of key geologic assets including gold and precious metals. In addition to traditional core sampling methods already in use, Double Crown plans to put this technology to work in due diligence and exploration functions at sites in its established Latin American mining resource network (including the property that Double Crown is currently working to acquire) as well as on the company's 100% owned Bateman gold and precious metals property in Canada. The contract Double Crown has signed grants us exclusive use of the technology for a period of two years beginning immediately.
This new technology combines gravity waves and resistivity not only to identify various precious commodity fields, but is also able to detect distance, depth and density. The developing firm has already demonstrated great success with this proprietary system in the petroleum exploration industry over the past several years. Double Crown management feels the new licensing agreement will significantly speed up the process of gold and precious metals mining for our supply contracts which have been signed and are near signing this year. Additionally, Double Crown will be utilizing a perfected method of processing gold tailings in a very cost effective and efficient way that is environmentally superior to older methods.
Chairman & CEO Jerold S. Drew commented, "Double Crown Resources is committed to providing the best possible service to our customers who are looking to us for high volume, top quality gold and other commodity shipments at this time. With the increasing demands for gold and precious metals in the world markets today, it is clear we must do everything in our power to improve the speed and efficiency of deliveries from our sources. The new detection technology that we have just secured will put Double Crown in a unique position to fulfill our customers' needs as no other supply company can. We will also be employing our own technology, the Translock² bulk transport system, to raise mining, storage and transport efficiencies still further and be able to offer the highest levels of delivery performance to our customers as we go forward in 2016 and beyond."
About Double Crown Resources, Inc.
Double Crown Resources, Inc., is a public, fully reporting company in the natural resources industry. In addition to our oilfield services business, we market the patent-pending, multi-advantage container system called Translock². This system is designed for highly efficient, economical and environmentally friendly shipment of aggregate commodities to the oilfield services industry. Additionally, we hold a 100% interest in the Bateman gold and nickel prospect near Thunder Bay, Ontario, Canada. Double Crown Resources, Inc., originally founded in 2006, is based in Henderson, NV with marketing offices in Houston, TX.
Neither this press release nor any related calls or discussions constitutes an offer to sell, or the solicitation of an offer to buy, any securities.
Forward-Looking Statements
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company's annual report on Form 10-K for the year ended December 31, 2014 as updated from time to time in our filings with the Securities and Exchange Commission. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services. For further information about Double Crown Resources, Inc., please refer to its website at http://www.doublecrownresources.com.