Laredo Resources Provides Pony Mountain Update
October 16 2013 - 8:30AM
Laredo Resources Corp. (OTCQB:LRDR) ("Laredo") announces that M
& W Milling and Moen Excavation are now hauling from dumps
of ore material located on the Pony property to a staging area at
the base of the property, in order to be prepared for crushing and
shipping. The Department of Environmental Quality DEQ has
issued a permit for this activity. The material will undergo
testing by a resident geologist to determine the exact grades of
gold in the stock piles to assist in monitoring the material before
any shipment. The dumps have already undergone bulk sampling
under the direction of Moen Excavation over the past several
months, and samples have been ICP scanned, which involves
laboratory testing for any levels of impurities and/or
contaminants, in order to eliminate any risk in subsequent
processing. It is intended to move and locate a crushing plant to
the staging site later this month. The crusher has a capacity of up
to 100 tons an hour depending upon the nature and size of the
material. Dumps are low grade ore material that have previously
been excavated from tunnels drifted in to high grade zones located
at previously mined locations on the property.
The Pony Mountain Gold property is located in the premier
gold-producing Mineral Hills District in South Western
Montana. This 4000-acre package assembled over decades by a
local partnership.
For further information on Laredo Resources Corp:
www.laredoresources.com
Forward Looking Statements
This news release contains "forward-looking statements", as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of
1934. Statements in this current report which are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. Such factors include, among others, the inherent
uncertainty of financial estimates and projections, the competitive
and regulatory environments, stock market conditions, unforeseen
technical difficulties and our ongoing ability to operate a
business and obtain financing. These forward-looking
statements are made as of the date of this news release, and we
assume no obligation to update the forward-looking statements, or
to update the reasons why actual results could differ from those
projected in the forward-looking statements. Although we
believe that our beliefs, plans, expectations and intentions
contained in this current report are reasonable, there can be no
assurance that such beliefs, plans, expectations or intentions will
prove to be accurate. Investors should consult all of the
information set forth herein and should also refer to the risk
factors disclosure outlined in our quarterly reports on Form 10-Q
and our other periodic reports filed from time-to-time with the
Securities and Exchange Commission pursuant to the Securities
Exchange Act.
CONTACT: Robert C. Gardner
Phone: 1-406-213-4700
Email: robertgardner@laredoresources.biz
Websites: www.laredoresources.com
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