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Elray Resources Inc. (ELRA) Set to Work on Optimizing Highly Prospective Mining Portfolio, Article Posted on BeaconEquity.com

Shares of Elray soar 25% in a negative market on news of the company’s Indonesian Zircon Sands Project.

(EMAILWIRE.COM, October 17, 2008 ) DALLAS, Texas - BeaconEquity.com announces the publication of “Elray Resources Inc. (ELRA) Set to Work on Optimizing Highly Prospective Mining Portfolio.” The article discusses Elray Resources heavily mineralized mining projects in Cambodia and Mexico.

Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m - Click on News and Commentary

In the article the author writes:

"Junior exploration and development company Elray Resources, with its recent joint venture announcement and updates on potential and viable projects, is making headlines in the mining and exploration industry. … The technically-driven gold and precious metal mineral exploration company has successfully accumulated a portfolio of four highly prospective, heavily mineralized mining tenements in Cambodia and Mexico. In Cambodia, Elray controls 100% of Angkor Wat Minerals Ltd.”

Elray’s recent acquisition of a 50% interest in zircon sands mining project will enable the company to utilize its industry knowledge to boost production:

“Something worth keeping an eye on, Elray has recently announced it has acquired a 50% interest in a highly promising zircon sands mining project in Central Kalimantan, Indonesia. … PT. Indo Imperial Resources Tambang, Elray's joint venture partner, has been successfully operating the project on a small scale for the last two years. With this partnership, Elray will provide the resources and technical expertise required to take production to the next level.”

To read the entire article visit http://www.beaconequity.com/m – Click on News and Commentary

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Source: BeaconEquity.com

Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com

Contact Information:
Beacon Equity Research
Jeff Bishop
Tel: (469)-252-3505
Email us


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