Boxwoods, Inc (OTCBB: BXWD) - dba Duke Mining Company

Boxwoods, Inc. (OTCBB: BXWD) has completed a Share Exchange Agreement that resulted in the Company's ownership in 100% of the issued and outstanding capital stock of Duke Mining Company, Inc. and now does business under the Duke name. 

Part of the Company's optimism stems from the tremendous opportunities in the current gold market. Global production of gold was at its peak in 1999 at just over 2600 metric tonnes, but has since hovered at or just below 2500 tonnes per annum every year since (Source: http://www.goldsheets.com). These production levels are not sufficient to meet annual global demand which has averaged more than 3800 metric tonnes from 1997 to 2002, creating a production shortfall of approximately 50% per annum (Source: World Gold Council). 

This tremendous disparity has been made up through the reintroduction of scrap into the market and the gradual sale of central bank gold reserves. However, as India and China, the world's largest and third-largest consumers of gold respectively, continue to industrialize, demand seems likely to increase, but the supplies of gold reserves in central banks cannot make up for the production shortfall indefinitely.

View the article Could China’s Appetite for Gold Push Prices to New Levels? on FiSpace.net under “What’s New”
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About Duke Mining Company, Inc.

Duke Mining Company plans to utilize new technology to mine, process and explore for gold and other metals in the western United States. Duke expects to adopt technology that is particularly well-suited for mining within Duke’s Mineral Claim located in southeast Utah. The sand and sediment that blankets the area is of a hydrothermal origin and was formed when ore-bearing solutions migrated up the Lisbon Valley fault zone. The metals that Duke plans to extract are microscopic in size, sometimes referred to as “flour” gold because of the powder-like nature of its consistency. 

*Recent News * Name Change and 10 for 1 FORWARD split

Press Release Source: Boxwoods, Inc.
On Wednesday April 29, 2009, 4:00 pm EDT

DALLAS, April 29, 2009 (GLOBE NEWSWIRE) -- Boxwoods, Inc. (OTC BB:BXWD.OB - News) (the ``Company), today announced that it has filed its definitive Form 14C Information Statement with the Securities and Exchange Commission. As a result, the Company's name change from Boxwoods, Inc. to Duke Mining Company, Inc. will be effective in approximately 20 days. Simultaneously with the name change becoming effective, based on a shareholder vote, the company intends to implement a 10 to 1 forward split.

The Company intends to perform a 10 for one forward split of its common stock such that ten (10) newly issued shares of BXWD common stock will be issued to each BXWD shareholders for every one (1) share of BXWD common stock currently held by each shareholder on the record date of the stock split.

The Company currently operates under the name Duke Mining Company in anticipation of the name change becoming effective. The Company's new website is http://www.dukegold.com.

Read the entire news release HERE

DUKE MINING COMPANY will file its Forms 10-K, 10-Q, and all 8-Ks, via EDGAR, to the U.S. Securities and Exchange Commission. The forms will be posted on the company’s web site at www.dukegold.com on the Investor Relations page. Shareholders may also receive a copy of all SEC filings at www.sec.gov.

Other Recent News from Boxwoods, Inc. / Duke Mining Company

Press Release Source: Boxwoods, Inc.
Monday April 13, 2009, 12:40 pm EDT

DALLAS, April 13, 2009 (GLOBE NEWSWIRE) -- Boxwoods, Inc. (OTC BB:BXWD.OB - News) (the ``Company''), today announced the Company's intention to begin its operations by the third calendar quarter of 2009.

The Company now operates under the name of Duke Mining Company (``Duke Mining'') and is in the process of making the appropriate filings to make the name change permanent.

The Company plans to complete the analysis and testing of its minerals separation technology over the next 45 to 60 days and begin its operations in San Juan County, Utah immediately thereafter. The Company's assets consist mainly of a 640 acre claim, located in San Juan County. Duke Mining can begin developing the claim via a small miner's exemption permit which allows surface disturbance up to 5 acres. The Company believes that the claim contains microscopic gold, platinum, rhodium, and palladium within red clay. There is no guaranty that these minerals exists within the claim.

In February, 2009, Duke Mining had a Sampling Assay performed by C&W Lab, (the``Assay''). Fifty pound samples were taken at depths to three feet and yielded a total salable Metal Value per Ton of $391.17. Detailed results of the Assay are shown below:

                    Screening
 Metal      Symbol   Results    Oz/Ton    Price/Oz*  Salable Metal/Ton
 -----      ------   -------    ------    ---------  -----------------
 Palladium    Pd      2.47     0.054889   $  200.00       $ 10.98
 Platinum     Pt      6.41     0.142444   $1,040.00       $148.14
 Rhodium      Rh      5.63     0.125111   $1,050.00       $131.37
 Gold         Au      4.70     0.104444   $  964.00       $100.68

*Price per ounce was determined in early March, 2009. These prices could decline, perhaps significantly, prior to the extraction of the minerals.

Each acre consists of approximately 29,040 tons at a depth of 18 ft.

The Assay is not intended to be representative of a full reserve analysis as defined by SEC Industry Guide 7, therefore actual results of future mining activity on the claim may not produce the value per ton shown by the Assay.

Prior mining activity occurred on this claim during the late 1990's and early 2000's. Metals were recovered in salable quantities at that time. However, the technology at that time was not sufficient to extract metal on an economical basis, based on then current prices.

This press release may contain ``forward-looking statements'' within the meaning of the federal securities laws, commonly identified by such terms as ``believes,'' ``looking ahead,'' ``anticipates,'' ``estimates'' and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

Press Release Source: Boxwoods, Inc.
Friday March 27, 2009, 11:48 am EDT

DALLAS, March 27, 2009 (GLOBE NEWSWIRE) -- Boxwoods, Inc. (OTC BB:BXWD.OB - News) (the ``Company''), today announced the completion of a Share Exchange Agreement that resulted in the Company's ownership in 100% of the issued and outstanding capital stock of Duke Mining Company, Inc.

The Company now operates under the dba, Duke Mining Company (``Duke Mining'') and is in the process of making the appropriate filings to make the name change permanent.

Duke Mining has acquired new technology utilizing air-driven reduction mills to mine, process and explore for gold and other metals in the western United States. This ``vortex'' technology separates metals from clay using principles of centrifugal force, which can allow the recovery of gold and other platinum-grade metals that have previously been bypassed.

The technology is particularly well-suited for mining within the Company's property located in southeast Utah. The sand and sediment that blankets the area is of a hydrothermal origin and was formed when ore-bearing solutions migrated up the Lisbon Valley fault zone. The metals that the Company plans to extract are microscopic in size and were referred to as ``flour'' gold by the old timers.

The Company's website is http://www.dukegold.com.

This press release may contain ``forward-looking statements'' within the meaning of the federal securities laws, commonly identified by such terms as ``believes,'' ``looking ahead,'' ``anticipates,'' ``estimates'' and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
 

Financial Highlights

Statements made which are not historical facts, such as anticipated payments, litigation outcome, production, sales of assets, exploration results and plans, costs, and prices or sales performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to, metals price volatility, volatility of metals production and costs, exploration risks and results, political risks, project development risks, labor issues and ability to raise financing. Refer to the company's Form 10-Q and 10-K reports for a more detailed discussion of factors that may impact expected future results. The company undertakes no obligation and has no intention of updating forward-looking statements.

Company Contact

Duke Mining Company, Inc.
850 Third Avenue, Suite 1801
New York, NY 10022

Investor Contact
Darren Miles
214-634-6202

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