Dallas, TX 5/20/2011 (PennyPayDay) -- Ranger Gold Corp. (OTC:RNGC) recently announced, in a press release, that the United States Forest Service ("USFS") has approved Ranger Gold's bond calculation for the CX Project in Nye County, Nevada.Prior to beginning a drill program on USFS land, all companies are required to pay a bond equal to the amount of the estimated future costs that will be required to return the property to its natural state after the completion of the drill program. Ranger Gold will be paying the bond in the coming days.
Ranger is also pleased to announce that it has engaged a contractor to carry out drilling on its Nevada holdings.
"We are very excited that we have completed these important steps and are moving closer to drilling on the CX," said Gary Basrai, President of Ranger. "With the approval of our bond calculation and the sourcing of a drill contractor, we hope to commence drilling in the months to come once optimal weather and road conditions exist."
Ranger Gold is a US-based resource exploration company exploring for gold in proven gold regions of Nevada. It is focused on discovering and developing low-cost gold assets in order to provide maximum return for its shareholders.
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