Transnational Group has acquired a 720-acre gypsum property located in Sandy Valley, Nevada, from the U.S. Bureau of Land Management (BLM).
Transnational paid a fee to acquire the Sandy Valley project, which includes the mining rights to 36 claims that are believed to be very rich in gypsum.
According to the company, the property is estimated to contain approximately 10 million tons of high-grade gypsum. Management estimates that the Sandy Valley project will be operational by January 2016 and has set a production target of 1,000 tons of gypsum per day once mining operations ramp up to full capacity.
“This project will generate significant revenue beginning in 2016,” said Dr. Philip Dutoit, CEO of Transnational Group. “This is a very exciting time for Transnational as we are near closing on agreements that will provide our company with the mining infrastructure, including leadership and equipment, necessary to maximize the production of this and future projects we are presently negotiating.”
Transnational Group is a development stage holding company whose primary business is the acquisition and development of interests in the financial, consulting and natural resources sectors.
