HILTON HEAD, S.C., Oct. 4
/PRNewswire-FirstCall/ -- Silver Scott
Mines, Inc. (Pink Sheets: SILS) is pleased to announce the
Company has signed a Letter of Intent to acquire all of the
outstanding shares of Minera Mystery S.A. de C.V.
Minera Mystery controls multiple gold hosting mineral
concessions in the Sonora and Chihuahua states of Mexico. The projects include the Carmen,
Purisima, Venturina, Minitas and others.
Each of the projects has a high potential for relatively early
production of gold and silver from heap leaching operations. The
business strategy of Minera Mystery has been to acquire existing
smaller size precious metal deposits, generally with less than
100,000 ounces of gold equivalent resources which are amenable to
rapid, low cost heap leaching operations with low capex
requirements and that have significant upside exploration potential
to expand the existing resources.
Following successful start-up of production from these projects,
the strategy of the Company will be to continue to search for other
attractive gold and silver projects in Mexico and the Western United States which are amenable to
open pit heap leaching.
Minera Mystery is staffed by an experienced team of geologists,
geophysicists, engineers, and operators with many years of
collective experience in the mineral industry including
Mel Herdrick, Dave Herdrick, Robert
Toporowski, John Reynolds,
and Sean Herdrick.
Additional information on the projects and the management and
consulting team will be forthcoming in future news releases.
For further information please
contact:
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John Ryan
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Silver Scott Mines,
Inc.
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301 Central Ave. #384
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Hilton Head, SC 29926
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1.404.418.6203 phone
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1.843.842.7248 fax
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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.
SOURCE Silver Scott Mines, Inc.
Copyright t. 4 PR Newswire