17 Mar Ensurge, Inc. Closes Acquisition of Tantalite Property and Receives Approval for Mining Permits from the Guyana Geology and Mines Commission
SALT LAKE CITY–(BUSINESS WIRE)–
Ensurge, Inc. [OTC: ESGI], today announced that the company has completed its acquisition of the D-29 Tantalite property located in Imatai Region of Guyana’s Northwest. In addition, Ensurge has received approval for mining permits from the GGMC. The D-29 property exceeds 7,000 acres in a known Tantalite producing area. Initial assays show an average of 30% purity. The property also has gold and diamond potential.
“We are excited to announce this milestone acquisition,” stated Clint Mishleau, Ensurge’s CEO. “This property will be our flagship Tantalite asset and we are enthusiastic about its potential. We have become intimate with the property dating back to 2014 and plan to use the transaction as our model for future acquisitions of rare earth mineral producing properties. We would like to thank Ambassador Charles Gargano for his unfailing commitment to making this project possible.”
Tantalite is a mineral that yields the rare earth element: Tantalum. This element has many high-technology commercial uses. In the electronics industry, it is used to manufacture miniature capacitors and high power resistors because of its unique property of achieving high capacitance in small volume. Tantalum capacitors are attractive for cell phones, small computers/tablets and automotive electronics. In alloys, it adds strength, ductility and corrosion resistance and is therefore used in the defense industry for production of super-alloys for jet engine components, weapons and missile parts. Because of Tantalum’s hypo-allergenic properties, it is being used in dental and surgical instruments, implants and hip/knee replacements.
About Ensurge, Inc.
Ensurge Inc. is a high-growth, junior mining production company with expanding operations in Guyana, South America. The Company’s management team is comprised of multi-generational mining professionals with decades of experience. Current operations are focused on gold and diamond producing properties where Ensurge employs both river and land dredging exercises. For additional information on Ensurge please visit the Company’s website at www.ensurgeinc.com.
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