Bryn Resources Inc. Announces its Latest Acquisition in the Wine Harbour District of Nova Scotia, Canada
TORONTO, March 14 /PRNewswire-FirstCall/ - Bryn Resources Inc (PINKSHEETS: BRYN) (PINKSHEETS: BRYN.PK) is excited to announce that it has been able to acquire a 100% interest in an historical gold property that promises to match or better its holdings in Montauban Quebec. Bryn Resources has acquired 100% of the rights to 53 mineral claims, each comprising 40 acres, for a total of 2,100 acres in the Wine Harbour District of Nova Scotia, Canada. These claims have historically demonstrated their mineralization and in the period between 1862 and 1939 yielded 42,726 ounces of gold from 83,000 tons of ore, for an average content of 0.52 ounces per ton.
It is Bryn Resource's plan to now utilize its acquired resources in the mining industry to commence a drilling and extraction program at this proven gold producing area, utilizing the latest technology for the location and extraction of minerals. Bryn Resources will provide updates in the coming weeks once it has finalized its drilling program as well as scheduled its summer work program through its association with industry recognized mining specialists. Bryn's plans for future acquisitions are still moving at a steady pace and more news is to be released once all requisite agreements are in place.
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Bryn Resources Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
SOURCE Bryn Resources
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