Palm Beach, FL 2/15/12 (StreetBeat) -- Monkey Rock Group Inc. trading under the symbol MKRO (soon to be renamed Nissi Mining Co.), now headed by Dexter Aspacio, is pleased to announce that a Letter of Intent has been signed to lease a commercial property at: 1211 Arizona Ave, Yuma, AZ 85364.The facility includes a main office, warehouse, along with fenced and unfenced land areas .The company also has first right of refusal to lease additional space that would be used as a assaying and chemist lab. The facility will function as the new corporate headquarters, staging area for the pay dirt, and house all the crushing and milling equipment necessary to extract all metal ore from the dirt.
The company intends to begin occupancy on or before March 31, 2012.The company will occupy the facility for 2 years and have up to (4) two year options to renew its lease without further increases in rent.The Company also has the option to purchase the facility before or during its occupancy at 95% of the then current appraised value.
The Company will make every effort to get all operational permits and obtain the necessary funds for the lease in a timely manner.
"This is the first step for our company to begin its operations of mining our claims at the Los Flores Mine," stated Mr. Aspacio!
The Company plans on mining the existing mineable resources of the Los Flores Mine which has an independently documented, estimated in-place gross value of approximately $3 billion in gold for production (See our latest GEO Report completed by: Mr. Craig L. Parkinson of West Coast Environmental & Engineering.) The average gold grade of all samples is estimated at .246 ounce per ton with the average gold grade of all high grade samples being .312 ounce per ton. The geological report and valuation make conservative estimates taking 1/10 of the high grade average to calculate and estimate a conservative gold grade of .0312 ounce per ton. The estimated tonnage of mineable ore is calculated at 58,500,000 tons with estimated In-Place Gross Values of approximately 1,800,000 ounces of gold. The Los Flores Mine is located 15 miles northeast of the city of Yuma, Arizona.
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