HASBROUCK HEIGHTS, N.J., July 9, 2012 (GLOBE NEWSWIRE) -- All Grade Mining (OTCBB:HYII), a development-stage company focused on the extraction of iron ore, today announced that the Company has secured a potable water supply for its Salitrosa mining project in Chile.
All Grade Mining secured its potable water supply through an agreement with Aguas Chanar, S.A., a Chilean company with extensive experience managing sanitation concessions to produce and distribute water as well as collect and treat waste water. The identification of a substantial, sustainable water supply is an important step in advancing the start up of initial mining operations at All Grade Mining's Salitrosa Property.
"Having a potable water supply at our Salitrosa project is a vital step necessary for us to begin our mining operation as it provides drinking water and maintains sanitary living conditions for the 400+ people that will be working on the project. It is often difficult to secure a water supply, making this an important accomplishment for the company. Additionally, we were able to secure this water supply at a very favorable price," commented Gary Kouletas, CEO of All Grade Mining.
About All Grade Mining, Inc.
All Grade Mining is a development-stage company whose mission is to acquire mining concessions in all phases, all sizes and all minerals. The Company is currently focused on the extraction of iron ore in South America, primarily in Chile and has established an experienced team of executives and mining professionals to lead its exploration and excavation efforts.
For more information please visit: www.AllGradeMining.com.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.