Lone Star Gold to Acquire More Mining Property in Mexico
January 04 2012 - 7:30AM
Marketwired
Lone Star Gold, Inc. (OTCBB: LSTG) announced yesterday that they
have agreed to sign a definitive agreement to acquire an undivided
65% interest in the San Antonio del Potrero mine tailings project
in Chihuahua, Mexico.
Mexico has recently been in the midst of gold exploration
resurgence. According with recent geological surveys 2/3 of Mexico
possesses ore deposits, and due to advancing technology, new
deposits are turning up frequently, with Chihuahua being an area of
concentration. Major companies like Gold Corp (NYSE: GG), Yamana
Gold (NYSE: AUY) and AuRico Gold (NYSE: AUQ) all have interests in
areas near Lone Star Gold in Mexico.
Lone Star's Mexico project is located in the State of Chihuahua,
which is one of the largest producing states in Mexico.
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