Elray Resource, Inc. has announced that it has signed a Letter of Intent. The letter was signed to secure a prime exploratory property in Ecuador’s prolific El Oro Province. The Picacho property is located in the south east Region of Equador.
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Elray Resource, Inc. is engaged in the acquisition and exploration of mineral properties. It’s wholly owned subsidiary is Angkor Wat Minerals Ltd. The company acquired 50% interest in gold and zircon sands project in Central Kalimantan, Indonesia on October 6, 2008.
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