Elray Resources, Inc. (ELRA.OB) Ecuador Property Report Confirms 15 Important Veins
Elray Resources Inc. is a junior exploration and development company which has successfully accumulated a portfolio of mining properties in Asia and South America. The company's primary objectives are to source projects, conduct geological assessments and seek joint venture partners to develop the properties. The company reported today that the recently acquired Picacho property in south-eastern Ecuador shows potential for the discovery of precious metals due to a number of gold-bearing veins. The Picacho property is in a prolific 150 square kilometer region known to contain at least 15 important gold-bearing veins. Independent geologists believe these veins may extend for…