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tropicomfs

02/13/12 12:09 PM

#1924 RE: snotter #1923

Just got the translation of the press release from Mineros...definitely a muted version of Goldsands' announcement

The next February MINING SA initiated a research on 50 mining rights that it owns DEVELOPMENT COMPANY GOLDSANDS

The next February will start a research or due diligence on 50 mining rights that it owns DEVELOPMENT COMPANY GOLDSANDS in northeastern Peru to assess the possibility of initiating a scan that allows you to define whether a mining project participates in this society, with an 85% ownership of such mining rights.

To this end, MINING SA, has signed a document that authorizes option to perform the above activities. However, states that so far has not acquired or bought any participation in these securities or any specific project.


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Original Spanish text:MINEROS SA y Goldsands Development Company