July 11, 2012: Vancouver, B.C. – Oracle Mining Corp. (Stock Profile – TSX:OMN & OTCQX:OMCCF) announced that Oracle Ridge Mining LLC (“ORM”), a wholly owned subsidiary of the Corporation, has signed a Memorandum of Understanding (“MOU”) with Pima County in Arizona for the development of the Oracle Ridge Copper Mine located in the County.
Yesterday, the County Board of Supervisors unanimously approved a resolution in support of ORM’s proposal to re-open the Oracle Ridge Copper Mine, as well as approved and ratified the MOU between Pima County and ORM. The county has previously supported ORM’s Air Permit and domestic wastewater treatment plan.
“Pima County is a key partner in the return of the mine into operation, and we are pleased to formalize our established, cooperative approach through the signing of an MOU on the Oracle Ridge Copper Mine project,” said Mr. Doug Nicholson, Oracle Mining’s CEO.
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