Lone Star Gold Increases Its Presence in Mexico
December 06 2011 - 7:30AM
Marketwired
Lone Star Gold, Inc. (OTCBB: LSTG) announced yesterday that they
have committed to the option to acquire a 65% interest in the San
Antonio del Potrero mine tailing project in Chihuahua, Mexico.
Mexico has seen its production of gold nearly double since 2005.
According to the British Geological Survey, mined gold production
in Mexico has gone from 26,782 kilograms in 2005 to over 51,000
kilograms in 2009. Many industry players are focused on Mexico,
like AuRico Gold (NYSE: AUQ) and Brigus Gold (NYSE Amex: BRD) and
Goldcorp (NYSE: GG).
Lone Star Gold estimates, based on tonnage, the mine will
produce for up to 8 years at 600 tons per day. The project is
estimated at 1.2 million tons of Tailings from previous mining
activities.
Information, opinions and analysis contained herein are based on
sources believed to be reliable, but no representation, expressed
or implied, is made as to its accuracy, completeness or
correctness. The opinions contained herein reflect our current
judgment and are subject to change without notice. We accept no
liability for any losses arising from an investor's reliance on or
use of this report. This report is for information purposes only,
and is neither a solicitation to buy nor an offer to sell
securities. A third party has hired and paid IO Circuit twelve
hundred and ninety five dollars for the publication and circulation
of this news release. Certain information included herein is
forward-looking within the meaning of the Private Securities
Litigation Reform Act of 1995, including, but not limited to,
statements concerning manufacturing, marketing, growth, and
expansion. Such forward-looking information involves important
risks and uncertainties that could affect actual results and cause
them to differ materially from expectations expressed herein. We
have no ownership of equity, no representation; do no trading of
any kind and send no faxes or emails.
Contact: IO Circuit Email Contact
Goldcorp (NYSE:GG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Goldcorp (NYSE:GG)
Historical Stock Chart
From Jul 2023 to Jul 2024