TARPON SPRINGS, Fla., March 21, 2019 (GLOBE NEWSWIRE) -- Thunder Energies Corporation (TNRG) today announced an updated agreement with Picchu Rio S.A. Gold Mining Company (http://www.hoovers.com/company-information/cs/company-profile.picchu_rio_gold_mining_company_sociedad_anonima.d606f5f7d06cfd4f.html) to amend the Letter of Intent (https://www.globenewswire.com/news-release/2019/02/14/1725362/0/en/Thunder-Energies-Corporation-Announces-Letter-of-Intent-to-Purchase-Its-Precious-Metal-Detectors-in-Central-and-South-America.html) whereas Phoenix Minerals S.A Group of Mining Companies will assist Thunder Energies for tests and then purchase or lease a Directional Neutron Source for Mining Operations from Thunder Energies to test for Gold, Uranium and the presence of other precious metals in operational mines located in Peru.
Dr. Ruggero M. Santilli, Thunder Energies Chief Scientist, states: "We are simply thrilled by and appreciative for the possibility of testing and finalizing our new technology for the detection of precious metals in mining operations in a highly qualified setting. We have now completed all background R&D, including the design of the needed Directional Neutron Source."
About Phoenix Minerals S.A.
Phoenix Minerals S.A. is a holding company for a group of mining companies including Picchu Rio Gold S.A., which is expanding its current operations to produce gold bullion, precious metals and rare earth elements in an ecologically sound manner, using tested and proven river mining production techniques.
About Picchu Rio S.A Gold Mining Company
Picchu Rio Gold S.A. controls 8 small class mining companies with rights to 63 mining locations located on the Vilcanota and Upper Urubamba Rivers in Peru.
About Thunder Energies
Thunder Energies maintains three divisions: nuclear equipment, combustion equipment, and optical equipment. A presentation of each is available at its web site: http://www.thunderenergies.com.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
Contact: Paul Knopick