Earth Dragon Resources, Inc. Secures Research On Four WW2 Shipwrecks Lost In The Caribbean
SAN DIEGO, April 11, 2013 (GLOBE NEWSWIRE) -- Earth Dragon Resources, Inc. (OTC:EARH) today announced the Company has secured the research on four (4) World War II shipwrecks and is moving to the planning phase of the project. This phase will include additional research on the four wrecks and strategic planning for surveying the wrecks.
These four shipwrecks were all private merchant vessels lost to enemy action in World War II. The research indicates their combined cargos include over 5000 metric tonnes of copper, over 20 metric tonnes of platinum and 220,000 Troy ounces of gold bars. We will continue to validate the cargos with additional research efforts. At this stage of the project, there is no way of confirming that the shipwrecked cargos were intact at the time of the demise of the ships or that they have been undisturbed since that time. The Company will be referring to this cluster of wrecks as the "CARRIBEAN 4 Project."
There are many viable salvage targets for the company to target. The selection of these wrecks was done on the basis of several important factors including;
- High value, manifested cargo
- Close proximity of the wrecks to each other
- Accessible working depths
- Favorable, year round working condition
- Budget risk/return factors
CONTACT: J. Michael Johnson President and CEO Office: 619-321-6882 Direct: 808-269-5549 Email: email@example.com Corporate Address: Earth Dragon Resources, Inc. 402 West Broadway Suite 400 San Diego, CA 92101
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts