Zoloto Resources, Ltd announced Sunday it recently has expanded its operations in Ecuador by acquiring interests in producing oil reserves.
The acquisitions is expected to effectively impact the economic value of the company.
Zoloto Resources estimated its cash flow from gold milling operations amounts to $290,000 a month. This sum has allowed the company to continue expanding in various areas, including its new oil reserves and oil ventures.
intends to continue its milling expansions as well, as it raises its contract milling.
estimates that it will soon manufacture 50 to 60 barrels of oil each day by the close of September. The company has projected that it will produce up to 100 barrels of oil each day by the end of 2015.
Zoloto Resources anticipates the company’s expansions will have a positive impact on its business as well as on the economy of the local community.
Additional information about
Zoloto Resources is available online at the company’s website, www.zolotomining.com. Additionally, investors can access market information as well as real time quotes of the company, which has the symbol
ZRSCF, at www.otcmarkets.com.
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