BRYN Resources Enters into an LOI in the 'Long Canyon Gold Trend' Area
April 16 2009 - 9:00AM
PR Newswire (US)
TORONTO, April 16 /PRNewswire-FirstCall/ -- BRYN Resources Inc
(PINKSHEETS: BRYN) (PINKSHEETS: BRYN.PK) is pleased to announce the
company has recently entered into a Letter Of Intent (LOI) with the
company's JV exploration company associates. The agreement is to
acquire a 50% undivided interest in a number of additional BLM
mineral lease gold claims located in the NE area of the newly
discovered 'Long Canyon Gold Trend' in east central Nevada and
continues to be part of Bryn Resources' strategy to become a top
tier resource company through acquisitions and development of
highly potential properties in Nevada and other strategic areas.
These claims are located adjacent to a major gold mining
corporation's holdings on which drilling operation are presently
ongoing. Two additional mining company's have holdings adjacent to
these claims specified in the LOI. These two companies have
recently released their 2007, 2008 drill results with exceptional
gold values. A recent 'First Resource Gold Estimate' from this
drill data was recently released by these companies. These
companies have also announced a continued aggressive drill program
for the summer of 2009 in excess of $15,000,000 dollars to further
prove up these reserves as well as define potential further gold
deposits as the extensions of these drill targets remain open to
the NE and SW in this whole 'Long Canyon Gold Trend' area. In the
event an agreement is reached between the parties for this new
acquisition proposal in the LOI, BRYN will increase their interest
holdings substantially in this newly discovered Carlin Type Gold
Trend area of Nevada. BRYN Resources Inc (BRYN) is focused
primarily on exploration and development of mineral resources. The
company is also proceeding to acquire additional claims with the JV
exploration partner in this high value gold target area on a
continuing basis. For more information on Bryn Resources Inc,
please visit http://www.brynresources.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, new products and technological
changes, the Company's dependence on third-party suppliers, and
other risks detailed from time 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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