Laredo Resources Corp. Announces Staking of Thirty-Eight Additional Mining Claims on Pony Mountain Property
January 14 2013 - 8:35AM
Robert Gardner, President of Laredo Resources Corp., (OTCBB:LRDR)
is pleased to announce that Thirty-Eight (38) additional mining
claims on the Pony Mountain property near Pony, Montana, have been
located and physically staked by Gene Nellis, a geologist and his
staking crew, under contract with Magna Management Ltd., the
optionor for the Pony Mountain property. These claims are
now filed in the Virginia City Courthouse in Montana. When the
documentation is completed, filings will take place with the Bureau
of Land Management which will complete the process. As a result of
these new stakings, the total package under option amounts to 110
unpatented mining claims in the Mineral Hill District at Pony,
Montana.
Laredo Resources Corp.'s option to acquire the property has been
extended to February 20, 2013 by agreement with the owners. In
the meantime, Magna continues to make the ongoing monthly payments
set out in its contract. This extension continues to secure
Laredo's position and opportunity in terms of becoming the owner of
the Pony Mountain property.
Forward-looking & Safe Harbor Statement
Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under
the Securities Act of 1933 and Rule 3b-6 under the Securities
Exchange Act of 1934, and those statements are subject to the safe
harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and
objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. The company cautions that these forward-looking
statements are further qualified by other factors. The company
undertakes no obligation to publicly update or revise any
statements in this release, whether as a result of new information,
future events or otherwise.
CONTACT: Phone: 1.406.213.4700
e-mail: robertgardner@eurogold.ca
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