Triton Distribution Systems, Inc. Received on Behalf of Advanced Gold Technology a Special Study for Availability of Mineral Res
January 10 2011 - 8:00AM
Marketwired
Triton's (PINKSHEETS: TTDZ) management is pleased to announce today
that it received on behalf of Advanced Gold Technology ("AGT") a
Technical Study of Mineral Resources and reserves of gold deposits
in three major mines owned and operated by AGT's sister company
Berezovskoye in Russia. The study was conducted by the very
reputable and respectable Consulting Company SRK Consulting Ltd of
Cardiff, UK.
The report of the study indicated the discovery of the following
results:
It is estimated that the "Pine" mine can produce 50,144 ounces
in gold that is valued at $70,201,600 on the International gold
market. It is also estimated that the "Talaiz" mine can produce
85,808 ounces in gold valued at $120,131,200 on the International
gold market and that the "Vorgavozh" mine can produce an estimated
272,832 ounces of gold valued at $381,964,800 on the International
gold market. The opinions that are expressed in the study indicate
that according to the research that was conducted on site, it is
estimated that in total all three mines can produce 408,784 ounces
valued at a total price of $572,297,600 on the International gold
market.
Based on the above mentioned study, the operation of all three
mines will go on for several years due to the large deposits of
minerals available in each mine.
The relationship that is developing between Triton, AGT,
Berezovskoye and Universal Holdings is developing into a very
productive, successful and profitable partnership.
FORWARD-LOOKING STATEMENTS This news
release includes forward-looking statements. While these statements
are made to convey to the public the company's progress, business
opportunities and growth prospects, readers are cautioned that such
forward-looking statements represent management's opinion. The
company's operations and business prospects are always subject to
risk and uncertainties.
Contact Triton Distribution Systems, Inc. Gregory
Lykiardopoulos CEO 415-381-4806
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