Rochester, New York 12/15/2009 10:45:00 AM
News / Business

Elray Resources Inc (OTC:ELRA) to Acquire Picacho Property

Elray Resources, Inc. (OTC:ELRA) has entered into a Letter of Intent to acquire an exploration property.  The property is named Picacho and is located in the El Oro Province in Ecuador.  The area is well k known for its gold production.

 

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Elray Resource, Inc. is engaged in the acquisition and exploration of mineral properties.  It’s wholly owned subsidiary is Angko Wat Minerals Ltd.  The company has 50% interest in a gold and zircon sands mining project in Central Kalimantan, Indonesia.

 

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