SmallCapNewsRelease:(OTCBB: LSTG) Signs Second LOI For Mexico Project
JERICHO, NY, December 5, 2011, Lone Star Gold, Inc. (OTCBB: LSTG) has announced they have signed a Letter of Intent committing to acquire an undivided 65% interest in the San Antonio del Potrero mine tailings project in Chihuahua, Mexico.
This project could thrust Lone Star to mid-tier producer status with estimates on the property pointing towards up to 8 years of production that could begin as soon as February 2012.
The proposed deal structure includes Lone Star initially acquiring the option to purchase an undivided 65% interest in the San Antonio del Potrero mine tailings project (as accomplished through the signing of the LOI). The Company will then have a 60-day due diligence period, during which time a total of 10 holes will be augured to acquire 40 undisturbed samples.
To view the entire press release, please visit http://finance.yahoo.com/news/Lone-Star-Gold-Inc-Announces-iw-1493873462.html?x=0
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