Letter Agreement Accord for 14,000 has. in Baja California Sur, Mexico
30.12.2011 | PR Newswire
HILTON HEAD, S.C., Dec. 30, 2011 /PRNewswire/ -- Silver Scott Mines Inc. is pleased to announce the execution of a stock based 4 year earn in agreement for exploration covering more than 14,000 hectares in Baja California Sur. These two main concessions are located near the recently discovered gold deposit, Los Planes, by Pediment Gold Corp. in 2007 containing 1.66 million ounces of gold and the Concordia gold deposit with 2.28 million ounces of gold. Agreement allows the company to investigate high potential targets within these two mineralization trends, one of known gold deposits and the second trend having silver-gold deposits.Previous work on the projects has been mostly historic with numerous mines and mills operated around 1900 and one mill operated on the Sin Rival Mine in 1950's. More recent sample activity has outlined 3 large zones of alteration with anomalous gold and silver mineralization that can be drill tested easily which are partly located on private lands.
Mel Herdrick, Chief Geologist for the company, who has reviewed and approved this release commented, 'I am very familiar with the San Antonio and Triunfo area where there is excellent potential to further define large gold and silver deposits. I am pleased this agreement allows us to rapidly begin definition of large mineralized zones with potential for large deposits. '
For further information please contact:
John Ryan
Silver Scott Mines Inc.
www.silverscottmines.com
301 Central Ave. #384
Hilton Head, SC 29926
1.843.290.8930 phone
1.843.842.7248 fax
The source of this news release is Silver Scott Mines, Inc. This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate.