Vanderbilt Gold enters into exploration program in Mexico.LAS VEGAS--(BUSINESS WIRE)--June 4, 1997-- Company sets plans to further explore property on the La Sierra concession Vanderbilt Gold Corp. (NASDAQ/BB:VAGO) Wednesday announced that it has entered into an exploration program on the La Sierra concession in Durango, Mexico. The program will concentrate on a promising portion of the 32,000 acre concession known in the region as Chirimoya chir·i·moy·a n. Variant of cherimoya. . These workings contain intriguing values of gold and silver. Chirimoya was operated by an American family “Loud Family” redirects here. For the rock band, see The Loud Family (band). Considered television's first reality show, An American Family was shot documentary style in 1971 and first aired in the United States on PBS in early 1973. for approximately 30 years prior to the Mexican Revolution Mexican Revolution (1910–20) Lengthy struggle that began with the overthrow of Porfirio Díaz, whose elitist and oligarchic policies had caused widespread dissatisfaction. when Pancho Villa raided the mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. regions of the Sierra Madre Sierra Madre, city, United States Sierra Madre (sēĕr`ə mä`drā), residential city (1990 pop. 10,762), Los Angeles co., S Calif., at the foot of Mt. Wilson; inc. 1907. There is some light manufacturing. executing foreign miners. The mine was operated without benefit of machinery or rail. The family left the mine immediately upon hearing of Villa's arrival in the area. However, they posted a guard at the mine for 20 years following their departure. Samples from the old workings contain up to 7 kilos of silver. Adjacent to the workings within 500 meters is an area that may be a parallel structure almost 15 meters wide, that when sampled by an independent consultant averaged .33 oz per ton gold and 13 oz per ton silver. Vanderbilt's initial plans are to further explore the area and the old workings. These plans include drilling from either underground or from the surface once an initial evaluation is completed. The company is enthusiastic about the potential of Chirimoya and plans to explore the site aggressively. Vanderbilt has recently renegotiated its agreements on the La Sierra concession and the Las Coloradas joint venture to provide the time necessary to further explore the La Sierra concession and for the Las Coloradas mine to get into production. Although production from Las Coloradas has been delayed due to circumstances beyond the control of the partners, recent improvements at the mine site are near completion and will result in the start-up of production of precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. . This release includes forward-looking statements from the company that may or may not materialize. Additional information on factors that could potentially affect the company's financial results may be found in its filings with the Securities and Exchange Commission, which are available on-line at EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. or directly from the company at no charge. CONTACT: Vanderbilt Gold Corp., Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. Keith Fegert or Howard Urband, 702/362-3152 fax, 702/362-8313 E-Mail: vandgold@aol.com |
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