SOURCE: Arizona Gold & Onyx Mining
March 29, 2011 10:54 ET
Arizona Gold and Onyx Mining Company Continues Negotiations for Placer Mine Near Yuma, Arizona
WILMINGTON, CA--(Marketwire - March 29, 2011) - Although previously reported in error as completed in December of 2010, Arizona Gold & Onyx Mining Company (PINKSHEETS: VGCP) is diligently pursuing the purchase of a Yuma County, Arizona property with promising sand and gravel aggregates and a placer gold claim. This purchase is part of a strategic portfolio-building plan to acquire mineral rich properties in Arizona, a locale renowned for the prevalence of precious metals. The property near Yuma is just one of several properties which Arizona Gold and Onyx Mining Company is pursuing. The Company anticipates the release of several announcements concerning these potential claims.
About Arizona Gold & Onyx Mining Co.
Arizona Gold and Onyx Mining Co. (PINKSHEETS: VGCP) engages in the identification, exploration, and development of mineral properties in the United States. It primarily explores for gold, silver, and copper. Its properties include Mayer Project in Arizona. The company was formerly known as Viking Capital Group, Inc. and changed its name to Arizona Gold and Onyx Mining Company in June 2010. The company is based in Wilmington, California.
Except historical matter contained herein, matters discussed in this news release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect the Company's business and prospects and cause actual results to differ materially from these forward-looking statements.