Sungro Minerals, Inc. Announces Addition of 217 New Unpatented Claims At Its Conglomerate Mesa Project
Date : 03/30/2011 @ 9:00AM
Source : MarketWire
Stock : Sungro Minerals, Inc. (SUGO)
Quote : 0.05 0.0 (0.00%) @ 8:18AM
Sungro Minerals, Inc. Announces Addition of 217 New Unpatented Claims At Its Conglomerate Mesa Project
Sungro Minerals (OTCBB:SUGO)
Intraday Stock Chart
Today : Thursday 31 March 2011
Sungro Minerals, Inc. (OTCBB: SUGO) today announced the addition of 217 new unpatented claims to be associated with the current 331 claims at its Conglomerate Mesa Project. This brings the total unpatented claims on the project to 548.
"Sungro retained North American Exploration, Inc. to complete the site work and claim staking effort to expand the area covered by our Conglomerate Mesa Project," stated Mr. Pucillo, CEO. "In our previously released NI43-101 Report (the 'Moore Report'), Mr. Moore recommended several important objectives connected with our future development of the property," continued Mr. Pucillo. "Aside from the exploratory drilling and upgrading of the identified gold zones to a more proven status that he recommends, we believe it to be extremely important that we secure additional areas adjacent to our current claims so that when development and production begins we are able to better manage the process within a fully contiguous area. It also makes sense to us that given the potential of the claims we already had, that we expand those areas in anticipation of increasing the value to our shareholders," he concluded.
