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ELRA & SVM Struck Gold! by Stock-PR.comStock-PR Reporting FREE Daily Stock Alerts From Stock-PR.com ________________________________________ Elray Resources, Inc.(OTC.BB:ELRA), a global exploration and production mining company with a portfolio of valuable properties, is pleased to confirm that the infrastructure is in place to allow aggressive development of Elray Resources' Picacho property in south-eastern Ecuador. And the price of gold continues to hover above $1,100 with Societe Generale's commodity analysts recently commenting that there is a long-term endemic bullishness about gold in India and rising concerns about inflation in China. Therefore, they are still expecting gold to rise even further, forecasting a $1,400 average for 2011. The Picacho area is now fully accessible by four wheel drive vehicles, with a total journey time of less than three hours from Machala, the regional capital. Machala is a growing city that is not very far from the country's largest city, Guayaquil. In addition, the city is very close to Puerto Bolivar, one of the world's largest shipment points and deep sea ports. The region has a good electrical grid in place with high voltage lines within range of the development. In addition, there are sufficient water resources with the nearby Amarillo and Calera rivers being able to supply project needs. "Good quality infrastructure such as we have around Picacho significantly decreases the costs associated with both exploration and going into production," commented Mr. Barry Lucas, Elray's Executive Chairman. "Project viability is hugely influenced by the quality of infrastructure, and we are happy to report Picacho and surrounding areas are very well served." Elray Resources disclosed that it had entered into a Letter of Intent to secure a prime exploration property, known as Picacho, in Ecuador's prolific and legendary El Oro Province, located in the south eastern region of the country. Elray Resources reports that official records reveal that the major regional mining company, SADCO, extracted over 4.5 million ounces of gold from the region between 1905 and 1950, marking the area as prolific, with an average grade of 14.5 grams/ton of gold. Active projects in the area include Dynasty's Zaruma, Dynasty and Jerusalem projects which between the three projects have over 2 million measured and indicated ounces of gold with over 3 million ounces inferred. El Oro province (Spanish: Provincia de El Oro; Oro (es:oro) = Gold) is the southernmost of Ecuador's coastal provinces. It has been named that way because of its historically important gold production. Elray Resources, Inc. is a junior exploration and development Corporation which has successfully accumulated a portfolio of highly prospective, heavily mineralized mining tenements in South East Asia and South America. Elray Resources, Inc.'s, primary objectives are to source projects, conduct geological assessments and seek Joint Venture partners to develop the properties. Silvercorp Metals Inc.(NYSE:SVM) is pleased to report that it has submitted a mining permit application for the GC Silver-Lead-Zinc Project to the Ministry of Land and Resources (MOLAR) of China. MOLAR has accepted the application along with all supporting documents. Silvercorp expects to receive the mining permit within 45 business days. Once the GC mining permit is granted, Silvercorp plans to commence construction of a 1,500 tonne-per-day mine and mill operation as the full mine and mill designs for the GC project are close to completion. With the support of local government, Silvercorp is also in the process of purchasing and leasing land used for the project, having discussions with a utility company regarding power supply and related facilities, and reviewing contractors' proposals for mine and mill construction. Silvercorp Metals Inc. is engaged in the acquisition, exploration, development and mining of high-grade silver-related mineral properties in China and Canada. Silvercorp is the largest primary silver producer in China through the operation and development of four silver-lead-zinc mines at the highly profitable Ying Mining Camp in the Henan Province of China. Silvercorp is also applying for a mining permit at the GC property in the Guangdong Province to establish a second base for production in China. Additionally, Silvercorp recently acquired the Silvertip project in northern British Columbia, Canada, as an additional platform for growth and geographic diversification. Silvercorp's shares are traded on the New York Stock Exchange and Toronto Stock Exchange and are included as a component of the S&P/TSX Composite and the S&P/TSX Global Mining Indexes. Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment (read more) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings, Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings, Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings, Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. 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