ABOT Mining Initiates Due Diligence Study Beyond Aztlan 8B's Strike Zone
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ABOT Mining Initiates Due Diligence Study Beyond Aztlan 8B's Strike Zone
PR Newswire
SHERMAN OAKS, Calif., Feb. 22, 2012
SHERMAN OAKS, Calif., Feb. 22, 2012 /PRNewswire/ -- ABOT Mining's (Pink Sheets: ABOT.pk) recently concluded civil engineering work on the Aztlan 8B Project further indicated that the mineral deposit may extend beyond the strike zone into an adjacent property to the south.
The Company has commenced preliminary negotiations with the property owner and is currently concluding its internal due diligence on documents provided by the property owner. If our preliminary analysis on this adjacent property is consistent in testing and surface sampling to the Aztlan 8B and deal terms meet our acquisition criteria, we shall immediately begin the process to add this property to our portfolio.
The Company continues to focus on its aggressive growth strategy by identifying, evaluating and acquiring acreage that is consistent with the geology favorable to exploration and development.
About the Company
ABOT is a US based mining company engaged in discovering, acquiring, developing, producing, and marketing precious and semi-precious metal properties and is currently headquartered in Sherman Oaks, California. ABOT plans to create long term shareholder value by implementing an aggressive exploration program, making new precious metals discoveries and developing mining properties with long-life and low cost operation.
Forward-Looking Statement
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
Contact:Imran Firoz, PresidentABOT Mining Co.13920 Moorpark Street, Suite 201,Sherman Oaks, CA 91423E: info@abotmining.comT: +1 818.302.0100
