Ranger Gold Receives Approval for Bond Calculation and Engages Drill Contractor
May 17 2011 - 9:30AM
Marketwired
Ranger Gold Corp., (OTCBB: RNGC) is pleased to announce that the
United States Forest Service ("USFS") has approved Ranger Gold's
bond calculation for the CX Project in Nye County, Nevada.
Prior to beginning a drill program on USFS land, all companies
are required to pay a bond equal to the amount of the estimated
future costs that will be required to return the property to its
natural state after the completion of the drill program. Ranger
Gold will be paying the bond in the coming days.
Ranger is also pleased to announce that it has engaged a
contractor to carry out drilling on its Nevada holdings.
"We are very excited that we have completed these important
steps and are moving closer to drilling on the CX," said Gary
Basrai, President of Ranger. "With the approval of our bond
calculation and the sourcing of a drill contractor, we hope to
commence drilling in the months to come once optimal weather and
road conditions exist."
About Ranger Gold Corp. Ranger Gold Corp. (OTCBB: RNGC) is a
US-based resource exploration company exploring for gold in proven
gold regions of Nevada. It is focused on discovering and developing
low-cost gold assets in order to provide maximum return for its
shareholders.
Disclaimer: This announcement may contain forward-looking
statements which involve risks and uncertainties that include,
among others, limited operating history, limited access to
operating capital, factors detailed in the accuracy of geological
and geophysical results including drilling and assay reports; the
ability to close the acquisition of mineral exploration properties,
and other factors which may cause the actual results, performance
or achievements of the company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. More information is included in
the company's filings with the Securities and Exchange Commission,
and may be accessed through the SEC's website at
http://www.sec.gov
Contact: Investor Relations RPN Capital Group, Inc.
1-888-616-6529 ranger@rpncapital.com www.RangerGoldCorp.com
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