Newsletter
| Promoter: | NYC Marketing inc | Paying Party: | UNKNOWN |
| Stocks covered: | Compensation: | Avg $ Volume for Period: |
| LRDR | $1000 | UNKNOWN |
| Max Profit: 25.00 % | Gain at close: 0.00 % |
Laredo Resources Corp., (OTCQB: LRDR) announced that it has signed the final definitive contract for the Sale and Purchase of the Pony Mountain Gold Property in Pony Mountain, Montana, USA.
The sum of $200,000 has already been paid out and applied to the purchase price. The balance of $2,800,000 is to be paid in equal quarterly installments of $250,000. Under the agreement the sellers retain a 2% NSR.
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 family and an area geologist, consists of several previously-mined, underground, hard-rock vein systems, and contains ‘dumps’ created by ‘drifted tunnels’.
The Pony Mountain Gold property is located in the premier, gold-producing Mineral Hills District (commonly called the Pony District) in southwestern Montana.
This 4000-acre package of properties, assembled over the years by a local family and a local geologist, consists of several previously-mined, underground, hard-rock vein systems.
Historically, it’s estimated that the mines comprising the Pony Mountain Gold property produced approximately 300,000 ounces of gold from the late 19th century to the early 20th century.
The property hosts a number of significant, former-producing mines, including the Mountain Cliff, Strawberry-Keystone, Amy, and Atlantic-Pacific (A-P) mines.
Project Highlights
- A block of 90 patented and unpatented mining claims over 4,000 acres, located approximately one mile outside Pony, Montana.
- The property package presents ideal underground mining opportunities.
- Located 26 miles from the low-grade Golden Sunlight Mill (owned and operated by Barrick Gold Corp.)
- Located 25 miles from the high-grade M&W Mill.
- An estimated 100,000 tons of dump material that could be milled at the Golden Sunlight Mill. After appropriate assessment.
- Access significant underground and surface mining equipment, and a repair and maintenance facility at M&W Mill. In the event that the proper acceptable geological/ economic bases is established.
- Excellent infrastructure for any potential mining operations, including service roads and water resources and hydro.
Recent History Below:
On November 2, 2012, Laredo entered into a letter agreement with Magna Management Ltd. (“Magna”) under which Laredo has been granted the exclusive right, for a period of sixty (60) days, to negotiate for the purchase of all rights held by Magna in the property known as Pony Mountain Gold, located in the Mineral Hills District (commonly called the Pony District) in southwestern Montana. During the exclusive negotiation period, Laredo had access to all documentation and information regarding the title and geology of the property and any other information necessary for the completion of due diligence. Laredo anticipates that the purchase of Magna’s rights to the property, if consummated, would be made through a combination of cash payment and issuance of common stock, with the rights being assigned to a wholly-owned subsidiary to be formed. Pricing and other details of the potential acquisition of Magna’s rights are the subject of ongoing negotiations.
Subsequently extensions of the Laredo and Magna agreements were accomplished.
.png)
wallstreetstallions has been compensated one thousand dollars by a thrid party, for this email advertisement