Replies to post #5262 on Joe's Natural Path To Profit

[Ex Blockman]

First the closing of the Conglomerate Mesa property.... Then the geology report. I believe the share price will rise nicely upon the closing of the CM though. Hopefully over the next few days....

[Walker]

SUGO news:

Sungro Minerals, Inc. Announces Closing of Its Definitive Agreement for the Conglomerate Mesa Project With Prior Vendors, Acquir
Date : 02/16/2010 @ 5:26PM
Source : MarketWire
Stock : Sungro Minerals, Inc. (SUGO)
Quote : 1.05 0.0 (0.00%) @ 8:00AM


Sungro Minerals, Inc. Announces Closing of Its Definitive Agreement for the Conglomerate Mesa Project With Prior Vendors, Acquir
WARWICK, RI -- (Marketwire) -- 02/16/10 --

Sungro Minerals, Inc. (OTCBB: SUGO) today announced the completion of all terms and conditions required for closing the acquisition of the previously announced Definitive Agreement for the Conglomerate Mesa Project.


The company intends to immediately execute its business plan which includes seeking approval from the County of Inyo, CA for the permitting process, as well as assembling and digitizing previous assays and historical data made public from Newmont Mining and BHP Billiton during the course of two decades of exploration.


Sungro's CEO, Mr. Fred Pucillo, stated, "We are excited to finally execute our plan of operation and anticipate a 'normal permitting process' going forward. We look forward to working with the authorities in Inyo County in hopes of having the necessary approvals in the 2nd quarter of 2010." He went on to say, "Our initial conversations with a prospective Qualified Person (as defined in NI-43101) will further enhance our efforts to get this project to the feasibility stage. Based on the scope and depth of this project, and the building of our financial and management infrastructure, we are delighted with the results our patient due diligence has produced."

"The Company also will undertake the completion of a NI-43101 Report, which will include previous and new assays of expected gold content and other mineralization that may have economic benefit to the company. In addition, the Company will continue its due-diligence efforts on several other mineralization prospects within its footprint but will primarily concentrate on the CM Project," Mr. Pucillo stated.


The Company will provide future updates as it relates to the following expected two year work schedule:

1. Proving up mineable reserves through drilling.

2. Completing initial metallurgical studies.

3. Completing district wide mineral evaluation designed to identify all gold/copper/zinc/silver targets outside of the currently known occurrences, with the potential to host mineable deposits.

4. Complete a regional stream sediment sampling program.

5. Complete detailed geologic mapping on the resource areas with a focus on identifying ore controls.


About Sungro Minerals, Inc.


Sungro Minerals, Inc. is an early stage Mining and Exploration Company seeking to acquire, develop, and manage various mineral properties and resources.