Thursday, May 19, 2011

Gold Stock SPAG +30% on Heavy Volume

Gold Stock SPAG +30% on Heavy VolumeLincoln, NE 5/19/2011 (PennyPayDay) -- According to a press release, Spartan Gold Ltd. (OTC:SPAG) is a publicly traded U.S. based junior gold exploration and mining company with gold exploration and development activity centered in both the Carlin-Rain and Round Mountain-Northumberland Gold Trends in Nevada. Spartan's Poker Flats prospect is located in the Carlin region and Round Mountain-Northumberland mining districts of Nevada are home to the Ziggurat project. The Company also has mining interests in the northeast region of Alabama in the historical Arbacoochee Mining District.

Poker Flats began with 500 acres in the Carlin region which is home to some of the world's leaders in the mining industry. Neighboring mining projects north and south of Poker Flats include Newmont Mining Corporation, Gold Standard Ventures Corporation, and Premier Gold Mines Limited. The company has recently expanded Poker Flats to 3,600 acres and now holds an option for 75% majority ownership of this project. The geological mapping process is under way, as well as the first phase interpretations of Poker Flats including an updated NI 43-101 report.

Spartan has completed a significant project expansion plan for the Ziggurat prospect located in Nevada comprising 6,800 acres; this expansion brings the claim total to 343. The Company holds an option for 75% majority ownership of this project as well. The geological mapping process is under way, as well as the first phase interpretations of Ziggurat including an updated NI 43-101 compliant technical report encompassing the entire property.

The Company is currently pursuing opportunities for several acquisition targets around the world and focusing on operational plans for current projects. Spartan has selected an international board of directors and advisors with over 90 years of combined experience in the exploration and development of global mining projects. Spartan's commitment to asset growth and increased shareholder value will be sustained by the development of highly prospective projects, accelerated exploration activities and the acquisition of viable resources.

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