NEW YORK, NY -- (Marketwire) -- 02/07/12 -- Lone Star Gold, Inc. (OTCBB: LSTG) announced the development plan for their Mexican Tailings Project in the City of Hidalgo Del Parral in Chihuahua Mexico. Other companies operating near the tailings project include, GoldCorp, Inc. (NYSE: GG), Silver Standard Resources, Inc. (NASDAQ: SSRI) and Coeur d'Alene Mines Corp. (NYSE: CDE).
Lone Star estimates that their initial shipments to the processing plant near the city of Parral will generate $100,000 per calendar month (PCM) with the revenue stepping up after 6 months as their shipment weight increases. The Company estimates that the 1.2 million tons of tailings can be processed in 5 years.
As the price of gold continues to stay near its all time highs, companies are starting to look at reclaiming tailings. Gold One and Gold Fields in Australia are looking at the viability of reprocessing historical surface tailings in an effort to reclaim gold and other minerals.
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid IO News Wire twelve hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation; do no trading of any kind and send no faxes or emails.