BRYN Resources Announces Shareholders' Update
April 14 2009 - 10:00AM
PR Newswire (US)
TORONTO, April 14 /PRNewswire-FirstCall/ -- Bryn Resources Inc.
(PINKSHEETS: BRYN) (PINKSHEETS: BRYN.PK) is pleased to announce the
following: BRYN has positioned itself in one of the most prolific,
exciting gold belts in the world. Since the company has commenced
trading we have achieved great success in entering into an
agreement with a gold exploration JV partner to acquire an
undivided 50% interest in 42 twenty acre BLM gold mineral lease
claims located in the newly discovered 'Carlin Gold Trend Type'
deposits in east central Nevada. The Carlin trend contains the
largest concentration of Carlin-type gold deposits in the world.
These 42 claims called the 'Ace and Ore Claims' comprising 840
acres are located in the heart of the extensive gold exploration
drilling projects now conducted by NewWest Gold, recently acquired
by Fronteer Development Group, now in Joint Venture with AuEx
Ventures Inc. The Fronteer and AuEx Joint Venture has completed
over 30,000 feet of drilling on their properties adjoining these
claims held by BRYN Resources. The drill results now define a Main
Zone of gold mineralization extending over 4000 feet with
extensions open to the northeast, west and southwest well beyond
the limits of the original soil gold anomaly. Fronteer and AuEx
Ventures have recently announced a second major funding to
significantly expand their exploration drill programs in this new
gold discovery area of Nevada. The results of this exploration have
now brought majors into the area as Carlin Gold Corporation has
entered into a JV agreement with Piedmont Mining Company for joint
exploration and Barrick Gold is now drilling on their properties
located just to the north east of the BRYN claims. The company has
recently retained the services of Kingsdale Capital Markets Inc., a
Toronto-based company that will provide Bryn Resources Inc. with
its strategic advisory capabilities and its expertise in working
with resource companies. We plan to move forward in 2009 with our
development plan for our Nevada holdings which are located in the
very promising West Pequop Mountain area and with the assistance of
Kingsdale's proven strategies, we expect to achieve our maximum
return in a very short period. Kingsdale Capital Corporation is a
leading financial services organization. For more information on
Kingsdale and their clients, please visit their website at
http://www.kingsdalecapital.com/. Bryn Resources also announces it
has retained Xtreme Picks to assist in some of our investor
relations. For more information please contact
http://www.xtremepicks.com/. Forward-looking statements in this
release are made pursuant to the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995. Investors are
cautioned that such forward-looking statements involve risks and
uncertainties, including without limitation, continued acceptance
of the Company's products, increased levels of competition for the
Company, products and technological changes, the Company's
dependence on third-party suppliers, and other risks detailed from
to time in the Company's periodic reports filed with the Securities
and Exchange Commission. DATASOURCE: Bryn Resources CONTACT: Paul
Diana, (416) 347-6548; Investor Relations: Xtreme Picks.com,
http://www.xtremepicks.com/,
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