Lone Star Gold has given details on the company's two Mexico-based gold-silver projects and related ongoing due diligence activities.
According to a press release, the company is providing details about associated developments, timeframes and costs of its LA CANDELARIA PROJECT and OCAMPO PROJECT.
The company's drill program has operations that have begun on the La Candelaria project and it plans on acquiring samples from up to 15 target areas. Toward that end, on-site ground crews have been constructing a new prepping area and have been working on developing better access roads to facilitate the drilling program. The 10-15 drill targets are targeted to reach a depth of 200 meters (~650 feet).
The 10-15 drill targets are targeted to reach a depth of 200 meters (~650 feet). The drill core samples will then be sent for lab analysis. Lone Star expects to incur some extra costs related to the drilling in terms of labor, fuel, transport, laboratory analysis, rentals, compressors and miscellaneous equipment. The company’s budget for this project include renting or purchasing a triple-axle trailer and acquiring two further trucks over the next week to transport needed equipment to the La Candelaria property.
The Ocampo Property due diligence period continues. All samples acquired are being securely transported through Lone Star's satellite office in the city of Chihuahua to the ALS Chemex Laboratory in Vancouver, B.C., Canada.
“All projects are moving forward quickly and are looking promising,” commented Daniel Ferris, Lone Star Gold's president. “While we're looking forward to receiving the ALS Chemex results on both projects, we're particularly interested to receive the Ocampo project results since we need to make a decision as to whether or not to purchase within the next month, which could effectively expand our position in the proven Sierra Madre Occidental mining region.”
In other news, Lone Star Gold Inc. recently introduced the company's current leadership team members along with an overview of their business-building expertise, property assessment and acquisition skills, and resource development know-how.
Mandira Srivastava is a TMCnet contributor. She works as a full-time writer, ghostwriter and blogger, and has more than two years of experience in print and Web media. She has also worked on company brochures, website content and product descriptions, as well as proofreading and editing content. To read more of her articles, please visit her columnist page.Edited by Jennifer Russell
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