Laredo Starts Delivery With Olie Partnership Prospects
December 23 2013 - 6:05AM
Laredo Resources Corp. (OTCQB:LRDR) (Laredo) President, Robert
Gardner, is pleased to report that the initial deliveries of
previously mined material from the Pony Mountain Property are
currently being sent to a nearby processing facility. The total
material now assembled and stock piled at the staging base of the
Pony Mountain property is approximated 7,000 tons. Stock piling has
enabled delivery over the winter months. The material is currently
being screened and in part crushed. The stock pile was recently
assembled from previously mined material dumps located on the Pony
Mountain property. Access to the Pony Mountain dumps to replenish
the stock piled material will recommence in the Spring of 2014 once
the weather and thaw conditions allow. The objective is to adapt
the process for year round delivery and to enable the stock piling
location at the Pony Mountain property to contain sufficient
material for winter long delivery.
Robert Gardner states "It has taken a long time to finally reach
this juncture after considerable investment, planning and on site
preparation. We plan to run three trucks on several round trips
daily for twenty days a month, in order to maximize the efficiency
of winter snow removal. This means the present stock pile should
last into March of 2014, and will be replenished when spring
conditions allow access to higher altitudes. Currently preliminary
discussions at a committee stage are underway with Olie Inc.
(OTCQB:OLIE), in which I am also President, to become an active
partner with Laredo in order to assist with its ongoing financial
obligations. It is important from a business and financial
perspective to start maximizing the potential of the Pony Mountain
property."
Safe Harbor Statement:
This release may include "forward looking statements" within the
meaning of Section 27 A of the Securities Act 1933 as amended, and
Section 21 E and /or 27 E of the Securities Exchange Act of 1934,
that are based on assumptions that in the future are inherently
uncertain, may prove not to be accurate, and are subject to
significant risks and uncertainties. These include, but are not
limited to statements as to the future performance of the company,
its ability to raise necessary financing, and other general
economic risks and uncertainties.
CONTACT: Robert C. Gardner, President
604 669-9000
robertgardner@laredoresources.biz
www.laredoresources.com
Laredo Resources (PK) (USOTC:LRDR)
Historical Stock Chart
From May 2024 to Jun 2024
Laredo Resources (PK) (USOTC:LRDR)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Laredo Resources Corporation (PK) (OTCMarkets): 0 recent articles
More News Articles