HASBROUCK HEIGHTS, N.J., Aug. 1, 2012 (GLOBE NEWSWIRE) -- All Grade Mining (OTCBB:HYII), a development-stage company focused on the extraction of iron ore, today announced that renowned geologist, John McIntyre, has joined the Company's Board of Directors.
Mr. McIntyre is a renowned authority in geology and mining with 30 years of experience in the field. He served 22 years as a consultant to major mining companies such as Barrick, Rio Tinto and BHP as his experience includes technical management of projects ranging from grassroots exploration to feasibility studies. Mr. McIntyre was a key player in the discovery of both the Rio Blanco Porphyry copper deposit which had 1 billion tons at 0.85% Cu and the Caspiche deposit which had 27 million ounces of gold (Au) and 24 million ounces of Au equivalent in copper.
"We are happy to welcome John to our Board of Directors. He has several years of expertise as a geologist and is a long time resident of Chile, making him very familiar with the country's landscape and mining environment. Based on the high quality studies and assessments that he performed at our Salitrosa property, I could not be more confident in John's ability to provide tremendous value to our management team and exploration and production efforts moving forward," stated Gary Kouletas, CEO of All Grade Mining.
John McIntyre commented, "I am very pleased to join the Board of All Grade Mining at this exciting stage of the company's development. After reviewing previous documentation and performing my own studies on All Grade's Salitrosa project, I believe the property easily warrants interest based on a significant anomaly detected that could provide a considerable opportunity for the company and its investors."
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.