SAN FRANCISCO, December 16, 2013 /PRNewswire/ -- Paradigm Resource Management Corporation (OCTQB: PRDC) ("Paradigm Resource") today announced that TOSS Plasma Technologies Limited ("TPT"), a Paradigm Resource investment portfolio company, obtained assay test results for complex ore which was extracted from a tungsten mine located in Myanmar.
Sample test results dated November 11, 2013 showed that 495 grams per metric ton of gold were found after application of RF-Plasma compared to less than 34 grams per metric ton of gold found in pre-RF Plasma complex ore, resulting in approximately 15 times improvement in gold extraction.
According to Ted Ozaki, Paradigm Resource Chief Executive Officer, "These outstanding test results are very common after application of our RF-Plasma technology. From our experience, we have found that complex ore with higher concentration of precious metals can be frequently found surrounding producing or abandoned mines. Our mission is to identify untapped sources of rich complex ores. We have a convincing value proposition to mining owners and operators to help extract more value from their existing resources."
"Based on the positive test results, we are in the process of testing the concentration of not only gold but also for silver, platinum and copper and results can be expected in a matter of weeks. We are receiving a lot of interests from mining companies worldwide, wanting RF Plasma and assay work done on their respective properties."
Assay Test Reports can be found at the Toss Plasma website:
http://www.tossplasma.com/#!latest-myanmar-ore-assays/c410
About Paradigm Resource Management Corporation
Paradigm Resource Management Corporation is a mining and natural resource management company that is pursuing opportunities for acquisition targets in mining and natural resources with a focus on new technology and applied materials. For further information, please go to www.paradigm-resource.com.
About TOSS Plasma Technologies Limited
TPT developed a breakthrough technology and processing system, using ultra-temperature radio frequency plasma torch, to extract latent precious metals from certain types of complex ores. For further information, please go to www.tossplasma.com.
Forward-Looking Statements: Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products. Such forward-looking statements are based on present circumstances and on Paradigm Resource Management Corporation predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, changes in metal prices, the ability to successfully fund any exploration activities, consumer and business consumption habits, the ability to fund operations and other factors over which Paradigm Resource Management Corporation has little or no control. Such forward-looking statements are made only as of the date of this release, and Paradigm Resource Management Corporation assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in Paradigm Resource Management Corporation Form 10-K for its fiscal year ended December 31, and other documents filed from time to time by Paradigm Resource Management Corporation with the Securities and Exchange Commission.
Contact:
Tony Heo,
Vice President - Business Development
+1 (650) 577-5933
