Northern, WI 9/14/2011 (PennyPayDay) – Lone Star Gold, Inc. (OTC:LSTG) recently announced, in a press release, a geological update on the Company's 70% Working Interest in the ~ 1,976-acre (~ 800-hectare) Mexico-based La Candelaria gold-silver project property, located in the northern Mexican state of Chihuahua. LSTG is also under an e-mail promotion campaign that has been going on for a few weeks.In recent weeks, the Lone Star team has been conducting onsite fieldwork on La Candelaria. The work has vastly increased the Company's geo-chemical and geo-physical knowledge of the entire project, including the additional 400 hectares of concessions added to the project after the original preliminary report was authored in 2009 (i.e., Geological Survey of La Candelaria Property. Luis E. Olvera Rosas, Engineering Geologist, Oct. 2009).
"Five to ten years ago, everybody wanted a project minimum of 1,000,000 ounces gold equivalent," commented Daniel Ferris, Lone Star Gold's Company President. "But that's changed in the last few years. With prices easily above $1200 for gold and above $30 for silver, these 100,000-ounce equivalent projects make a lot of sense, and can be brought into production for a fraction of the cost of larger projects. And with the growing middle class in India and China, the expectation is that demand for gold and precious metals will stay strong for many years to come."
Lone Star Gold is a gold exploration and development company based in Albuquerque, New Mexico. Currently, Lone Star owns concessions covering 800 hectares in the La Candelaria project in Chihuahua, Mexico, which the Company is evaluating to determine the potential sites that represent the best potential for silver and gold deposits.
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