HENDERSON, Nev., Dec. 07, 2017 (GLOBE NEWSWIRE) — Firma Holdings Corp. (OTC PINK:FRMA) (the “company”) is pleased to provide a corporate update.
Gracepoint Mining (Subsidiary)
Don Roman Project, Choix, Mexico
The project, consisting of 10,000 hectares of mineral claims, hosts over 80 known structures, and includes a 3 Circuit 360 tonne (estimated) per day flotation mill centrally located to the structures and about 100 meters off of a government paved road. In addition, 80% of the known structures are accessible by existing road infrastructure.
The company has recently entered into a Profit Participation Agreement with a third party to fund the refurbishment of the flotation mill and the development of the Rosario zinc-lead-silver mine that has had historic production. The agreement calls for an investment of a minimum of $250,000 and a maximum of $600,000 to earn an expected 10% net cash flow interest.