Itronics Reports Auric Gold & Minerals Has Staked and Registered 158 Mineral Lode Claims; Worldwide Interest in Area of Nevada B
July 07 2010 - 8:50AM
Marketwired
Itronics Inc. (PINKSHEETS: ITROD) wholly-owned subsidiary Whitney
& Whitney, Inc. reported today that working with its claim
staking contractor it has completed staking and has registered 158
mineral lode claims for Auric Gold & Minerals, Inc. The project
now covers approximately 3,000 acres of land in Nevada and the
claim staking is continuing.
Whitney & Whitney identified the polymetallic gold project
and agreed to help Auric Gold & Minerals acquire the highly
prospective mineral property, now encompassing 3,000 acres. The
land acquisition is being accomplished by staking and registering
lode mining claims on Federal lands managed by the U.S. Bureau of
Land Management.
"The Auric polymetallic gold project is proving to be very
timely," said Dr. John Whitney, Itronics founder and president. "In
a press release we issued on September 3, 2009, we stated that
'there is a rapidly expanding move worldwide to invest in and
acquire mineral resource assets.' Since that time interest in gold
and mineral properties worldwide has increased and the prices of
mineral commodities including gold and silver continue to
increase."
"Political uncertainties are increasing as well, with even safe
countries such as Australia making proposals to impose huge
increases in mining taxes. Because of this, Nevada, the world's
fourth largest gold producer, is recognized as one of the safest
states in the world for minerals' investment and is attracting
mining companies from all over the world. The Auric polymetallic
gold project is in an area where several international mining
companies are actively staking claims or acquiring positions in
existing projects," Dr. Whitney explained.
Auric is a majority owned affiliate of Whitney & Whitney,
Inc. and was formed to acquire multi-mineral (polymetallic) gold
properties, and to strategically invest in Junior Gold and Minerals
Companies that provide the opportunity to develop and commercialize
environmentally friendly polymetallic gold projects. Further
updates will be issued as the project advances. Project details
will be published once property acquisition is complete.
About Itronics
Headquartered in Reno, Nevada, Itronics is a Cleantech Specialty
Fertilizer and Silver Company that produces the Award Winning
GOLD'n GRO liquid fertilizers and pure silver bullion. Itronics,
through its subsidiary, Itronics Metallurgical, Inc., is the only
company with a fully permitted "Beneficial Use photochemical,
Silver, and Water Recycling" plant in the United States that
converts spent photoliquids into pure silver and GOLD'n GRO liquid
fertilizers. The Company is developing environmentally compatible
mining technology, provides project planning and technical services
to the gold mining industry, and operates the popular
InsideMetals.com web site, http://www.insidemetals.com, which
provides a value-added WORLD VIEW of Gold Producer Stocks, Mineral
Producer Stocks, Junior Gold Stocks, and Junior Mineral Stocks.
Itronics has received numerous domestic and international awards
that recognize its ability to successfully create and implement new
environmentally clean recycling and fertilizer technologies.
The Company's environmentally friendly GOLD'n GRO liquid
fertilizers, which are extensively used in agriculture, can be used
for lawns and houseplants, and are available, along with liquid
fertilizer injectors, at the Company's "e-store" catalog at
http://goldngro.com. The popular Silver Nevada Miner bars are
available at the Company's "e-store" catalog at
http://www.itromet.com.
VISIT OUR WEB SITE: http://www.itronics.com
("Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains or may contain
forward-looking statements such as statements regarding the
Company's growth and profitability, growth strategy, liquidity and
access to public markets, operating expense reduction, and trends
in the industry in which the Company operates. The forward-looking
statements contained in this press release are also subject to
other risks and uncertainties, including those more fully described
in the Company's filings with the Securities and Exchange
Commission. The Company assumes no obligation to update these
forward-looking statements to reflect actual results, changes in
risks, uncertainties or assumptions underlying or affecting such
statements, or for prospective events that may have a retroactive
effect.)
Contact: Paul Knopick 888-795-6336
Itronics (CE) (USOTC:ITRO)
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