Amalgamated Gold & Silver Inc. Is Pleased to Announce the Results of Their Visit With Their Geologists to the St Anthony Mine...
March 04 2014 - 6:03PM
Marketwired
Amalgamated Gold and Silver Inc. Is Pleased to Announce the Results
of Their Visit With Their Geologists to the St Anthony Mine in
Bolivia
MIAMI, FL--(Marketwired -
March 04, 2014) - Amalgamated Gold and Silver Inc. (AGS)
(PINKSHEETS: BCHS) today announced
the result of their Geologists visit to Bolivia the week of the
16th to the 23rd of February 2014.
Dr. Chris Wilson, the Managing Director and Principal Geologist
of Exploration Alliance was pleased with the results achieved at
the St Anthony Mine of Turriri. A report will be submitted later
this month to confirm findings.
Mr. Almero Bourbon, VP of Mining in Latin America was once again
impressed with especially the Antimony mining potential in Bolivia.
Bolivia is a country with vast untapped resources in the minor
metals as well as the precious metals field. During the trip
another Antimony mine asset that is in the process of being
acquired was visited and the initial results shows massive
potential, complementing the current investments going forward.
"The global antimony market is experiencing a major shake up
with the imminent lowering of production out of China. Independent
reports that the biggest Chinese Antimony producing areas are close
to the end of life of mine and the closure of many high deleterious
minerals containing Antimony mines throughout China is going to
lead to the rapid increase in demand and value of one of the three
most strategic resources in the world market, Antimony
(http://www.mineweb.co.za/mineweb/content/en/mineweb-industrial-metals-minerals?oid=159773&sn=Detail&pid=151201)
Prices in excess of USD25,000.00 per metric ton is a definite
reality in the foreseeable future. That is the reason that
executive management of AGS are seriously expanding their interests
in this valuable minor metals asset, Antimony," says Mr. Almero
Bourbon.
The information in this press release constitutes
"forward-looking information". Other than statements of historical
fact, all statements are "Forward-Looking Statements" that involve
such various known and unknown risks, uncertainties and other
factors. There can be no assurance that such statements will prove
accurate. Results and future events could differ materially from
those anticipated in such statements. Readers of this press release
are cautioned not to place undue reliance on these "Forward-Looking
Statements". Except as otherwise required by applicable securities
statutes or regulation, the Company expressly disclaims any intent
or obligation to update publicly forward-looking information,
whether as a result of new information, future events or
otherwise.
Amalgamated Gold and Silver Inc.80 SW 8 Street, Suite 2000 Miami
Florida 31330 USA Email: info@ags-inc.co
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