funnyG986
9 년 전
LSMG news: Permitting Process Commences on Lode-Star Mining Inc.'s Goldfield Bonanza Property
(via Thenewswire.ca)
Vancouver, British Columbia /TheNewswire /September30, 2015 (LSMG:OTCQB) - Lode-Star Mining Inc. (" LSMG") announced today that Lode-Star Gold, Inc., the private Nevada company with a controlling interest in LSMG and the owner of LSMG's Goldfield Bonanza property ("LSG"), has commenced permitting of the property. The Goldfield Bonanza property has two high-grade gold-bearing zones that both LSMG and LSG believe can support mine development. The primary zone is known as the Red Hills Stope Zone.
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|LSG is confident that it will receive all the necessary permits and approvals it is seeking and begin bulk sampling of the Red Hills Stope Zone in 2016. |
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|The Goldfield Bonanza property is located in the historic, high-grade gold-bearing district of Goldfield, NV which, within the period of 1904-1918, produced just under 4 million ounces of gold. The red vein zones contained in the aerial photo to the right depicting the historic mined veins. |
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|The property consists of 31 patented claims on approximately 460 acres. LSG, over the past 15 years, has spent over $5 million on underground rehab of approximately 1/2 mile of drift on the 300ft sub surface level. LSG also executed 22 surface core drill holes for a total of10,400ft and 152 underground core drill holes for a total of 23,000ft, in the Red Hills Stope Zone. |
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|Historic underground mining was executed by chasing veins that yielded pockets of high grade gold production. It is LSMG’s intention to follow the same method and chase its known high-grade gold-bearing veins. Geologic interpretation coupled with drilling results to date support the potential for additional occurrences on the property similar to those previously mined. Further underground drilling is required tobetter determine the property's resource capability.|
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|Targeting of multiple vein intersections historically have been known to produce gold-bearing zones with values ranging up to multiple ounces per ton. The Red Hills Stope Zone, as shown in the area in pink below, is located in the heart of one of these multiple vein intersections. Drilling in this area has identified several pockets with similar gold content. |
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Mark Walmesley, LSMG's President and CEO says, "We are excited to be finally at the point of being able to engage with the necessary regulatory bodies to get underground and begin the birth of our mine."
The information contained in this press release has been reviewed, verified and approved by Thomas Temkin, LSMG's COO/Chief Geologist, CPG-11129, a Qualified Person as defined by National Instrument 43-101Standards of Disclosure for Mineral Projects.
About Lode-Star Mining Inc.
Lode-Star Mining Inc. is the operator of Lode-Star Gold, Inc.'s Goldfield Bonanza property. LSMG acquired the option to develop the property on December 11, 2014 and is currently developing its work program. A fully defined work program is contingent upon the receipt of the necessary permitting and approvals that are presently being sought. Please visit our website at OTC Marketshttp://www.lode-starmining.com
For more information please contact:
Mark Walmesley, President and CEO
LODE-STAR MINING INC.
Phone: 778-370-1372
Email:markw@lode-starmining.com
This news release may contain forward-looking statements that involve known and unknown risks, uncertainties and other factors which may cause LSMG's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements. Forward-looking statements reflect LSMG's current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, investors should not place undue reliance on these forward-looking statements. Except as required by law, LSMG assumes no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.
Copyright (c) 2015 TheNewswire - All rights reserved.
© Copyright (c) 2015 TheNewswire - All rights reserved.
funnyG986
10 년 전
ITGC name change and new website coming May 29, 2015
The Company's new website will be active on May 29, 2015 and can be viewed at lode-starmining.com
Lode Star Mining Inc. Announces Name and Symbol Change [Market News Publishing (US)]
INTERNATIONAL GOLD CORP
INTERNATIONAL GOLD CORP ("ITGC-0") - Lode-Star Mining Inc. Announces Name and Symbol Change
Lode-Star Mining Inc. (formerly International Gold Corp.) (the "Company") is pleased to announce that further to its news release dated May 18, 2015, the Financial Industry Regulatory Authority ("FINRA") has now processed the Company's recent name change and accompanying symbol request change. As a result, the Company's common stock will commence trading under the name "Lode-Star Mining Inc." and the symbol "LSMG" on the OTCQB at market open on Wednesday, May 28, 2015.
The Company's new website will be active on May 29, 2015 and can be viewed at lode-starmining.com
lazyeye
10 년 전
In MY opinion, ITGC is a penny gold scam of the highest order. The last 8k shows that agreement with Lode Star Gold. Who is Lode Star Gold? Well, apparently they can't be found online, BUT, it is owned by one Lonnie Humphries, insider at ITGC, and secretary for ITGC CFO Walmesley's other company. Oh, and Walmesley is a DIRECTOR for Lode Star Gold lol...Right now, it all looks like the typical penny scam incestual share issuances and swapping.
And....then we look at THIS PR from years ago:
http://www.24hgold.com/english/news-company-gold-silver-icn-signs-definitive-agreement-with-lode-star-gold-inc-.aspx?articleid=696668
Notice the verbage? Almost identical to last PR?
From 2011: Carl Hering, President and CEO of ICN stated that, "This is a great project for ICN, and the arrangement with Lode Star Gold is structured in such a way as to be mutually beneficial to both parties as the project advances.
From Oct 2014: Mr. Baker, President and CEO of ITGC, commented, “This is a great project for ITGC, and the arrangement with LSG is structured in such a way as to be mutually beneficial to both parties as we advance the project.”
Are they kidding?!?
Watching this scam closely. Low O/S with the right pump could take this much higher. But needs a big time pump.
ospreyeye
10 년 전
Limited Operating History; Need for Additional Capital
There is not sufficient historical financial information about us upon which to base an evaluation of our performance. We are considered a shell company and have not generated any revenues from operations. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including, without limitation, the items listed in Item 1A RISK FACTORS in our report filed on Form 10-K for the year ended December 31, 2013.
We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue our operations.
ospreyeye
10 년 전
ITGC: The future of the Company is dependent upon its ability to establish a business and to obtain new financing to execute a business plan. As shown in the accompanying financial statements, the Company has incurred accumulated losses of $912,944 for the period from December 9, 2004 (inception) to March 31, 2014, and has had no revenue. There is no assurance that management’s plans to seek additional capital through private placements of its common stock will be realized, and these factors cast substantial doubt upon the use of the going concern assumption. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.
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