Solidus Communications Inc (SLDC)

[trader53]

SUGO Up 25% >

Bid 0.0004 - Ask 0.0005

Cheap Mineral Stock Sungro on the Move

The company will be looking to raise a minimum of $10 million to cover the additional exploration costs of $5.5 million as to finance working capital needs, and to meet the requirements of up-listing to larger exchange such as NASDAQ, NYSE, and/or the Toronto Venture Exchange.

The permitting and feasibility studies are expected to begin followed by the completion of funding by one or more of its potential strategic and financial partners.

The conglomerate mesa project includes 331 unpatented lode claims covering approximately 6,800 acres of mining claims in the southern Inyo Mountains in Inyo County, California, administered by the Bureau of Land Management

The project includes multiple large-scale hydrothermal gold-silver systems that are similar in style, geology, and geochemistry to the highly productive Carlin-type systems of northern Nevada and Gold-silver mineralization is known to occur within a zone that is more than 8 kilometers long and 4 kilometers wide. The Conglomerate Mesa is expected host bulk mineable gold deposits in excess of 2 million ounces.







http://www.beaconequity.com/cheap-mineral-stock-sungro-on-the-move-2011-02-17/