Stonebridge Resources Explorations, Ltd. Targeting Colombian Mining Opportunity -- Management Near Agreement Proposal
June 11 2009 - 10:21AM
Marketwired
Stonebridge Resources Explorations, Ltd. (PINKSHEETS: SRCX)
(FRANKFURT: S3C1) has been prudently evaluating several mining
operations in Colombia with the intent of entering into either a
joint venture or profit sharing agreement for the operation and
commercialization of the properties. The company at this juncture
is focusing on gold and silver mines and has narrowed down its
primary interest to two mining locations in Colombia.
Mine Chaparral Tolima
This property is located in Chaparral-Tolima
Area: 2115 Hectares
Type: Gold
Probable Reserves: 400 ton
Average daily production current: 2-3 kg/day
Type of Mining: underground and alluvial production
Mina De Chaparral y Ataco
The property is located in Chaparral y Ataco
Area: 2116 Hectares
Type of mineral: Gold and Silver
Probable Reserves: 412 ton
Average daily production current: 2kg/day
Type of Mining: Alluvial
Note: there are several mines in production in adjacent areas.
Stonebridge management is in the process of obtaining and
confirming the most current and thorough evaluation data from these
mining properties.
"It is our intention that once the information is validated we
will proceed to prepare a proposal that we believe will lead to a
swift agreement to commence exploration and commercialization of
these mines. In addition the company continues to pursue cost
effective gold mining opportunities in the State of Nevada. We will
not hesitate to entertain any business opportunities that will
bring the most immediate fiscal return on investment," stated
Stonebridge company CEO, Sidney Lederman.
The company will provide updates on these negotiations via press
release or on the company website at www.otcsbrx.com
About SRCX
Stonebridge Resources Explorations, Ltd. is primarily engaged in
the acquisition and development of mining explorations in Nevada
and other viable opportunities throughout the United States and
South America. Our mission is to create shareholder value by
achieving growth through robust acquisition and exploration
programs and low-cost production and commercialization.
Forward-Looking Statements
Statements in this press release relating to plans, strategies,
economic performance and trends, projections of results of specific
activities or investments, and other statements that are not
descriptions of historical facts may be forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Forward-looking information
is inherently subject to risks and uncertainties, and actual
results could differ materially from those currently anticipated
due to a number of factors, which include but are not limited to,
risk factors inherent in doing business. Forward-looking statements
may be identified by terms such as "may," "will," "should,"
"could," "expects," "plans," "intends," "anticipates," "believes,"
"estimates," "predicts," "forecasts," "potential," or "continue,"
or similar terms or the negative of these terms. Although we
believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results,
levels of activity, performance or achievements. The company has no
obligation to update these forward-looking statements.
Contact: Stonebridge Resources Explorations Ltd. President
Mr.Sidney Lederman Email: corpir@otcsbrx.com
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