TORONTO, June 10, 2011 (GLOBE NEWSWIRE) -- Aspire International Inc. (Pink Sheets:APIT) today announced that it has purchased a private Nevada corporation, Rare Earth Resources Ltd., for the purpose of holding various mining assets it intends to acquire.
The company has been actively pursuing attractive mineral property opportunities and expects to announce its initial acquisition shortly.
About Aspire International
Aspire International Inc., , is a U.S. corporation whose executive offices are in Toronto, Ont., Canada. The company recently acquired and now operates a Hong Kong-based international B2C shopping mall, , "My Global Online Shop" (Mygos) – an e-commerce platform that enables anyone to start his or her own business online. Mygos currently hosts over 80,000 active stores.
Aspire also intends to acquire, explore and develop world-class mineral properties in the Guangxi Zhuang Autonomous Region of southwestern China, prospective in particular for manganese and gold.
The company's principal manganese mining target is a property that covers an area of 21.3 square kilometers containing 7.4 million metric tons of ore according to an NI 43-101 compliant report certified by a qualified geologist with more than thirty years experience. The on-site operations are led by a highly capable Chinese management team.
Recently a LOI was executed to acquire a majority interest in a 3.95 square kilometer concession (also located in the Guangxi Zhuang Autonomous Region) known to contain a minimum of five zones of gold mineralization, of which two are in production and considered economically viable. According to government geologists and recent geological survey work, the property may contain over one million metric tons of commercially mineable gold-bearing ore, with considerable additional potential to further expand the resource.
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Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, both known and unknown, that may cause actual future results to differ materially from those indicated in the forward-looking statements. Our ability to predict future results of current plans or strategies is inherently uncertain. Factors that could have a material adverse affect on our future operations and prospects include, but are not limited to: competition, interest rates, changes in economic conditions, litigation, political and regulatory changes, the cyclical nature of the mining industry, technical issues inherent in the mining process, our ability to attract and retain qualified personnel, the availability of capital and a change in demand for minerals produced. These risks and uncertainties should be considered when evaluating forward-looking statements, and undue reliance should not be placed on such statements.
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CONTACT: Investor Relations CenterPoint Communications Group, LLC Todd Lorenze 386-775-2020 x 1 www.centerpointcg.com