A25 Gold Producers Corp.

January 03, 2011 00:01 ET

A25 Gold Producers Announces Letter of Intent to Acquire the Red Elephant Property With Indicated Resources of 35,000 Ounces Gold

TORONTO, ONTARIO--(Marketwire - Jan. 3, 2011) - A25 Gold Producers Corp. (FRANKFURT:ALQN) announces it has signed a letter of intent to acquire the Red Elephant gold property in the Slocan mining division of British Columbia, Canada. 

The Red Elephant Gold Property is a confirmed gold deposit consisting of three Mineral Claims located in the Badshot Range of the Selkirk Mountains, 6.5 kilometres west of the Duncan River, on the North side of Hall Creek.

Although this 100 year-old gold property remains greatly underexplored, diamond drill core samples taken in the late 1980's confirm indicated resources of 35,000 ounces of gold; from 26,463 tonnes grading 40.8 grams per tonne gold.

Exploration was discontinued in 1990 due to the low price of gold at the time. (approximately $420 USD/ounce 1990 annual average; source: NYSE) 

"The encouraging gold values present warrant a detailed exploration program in the area. The extent and depth of the mineralized oxide zone and quartz vein should be the prime focus of exploration"

-Geological Report (12873# January 1984)

B. H. Meyer, P.Geol.

The price of gold has surpassed $1,400.00 USD and gold continues to outperform the Dow, NASDAQ, and S&P 500, as it has over the past decade. A25 Gold Producers Corp. confirms now is the ideal time to develop the Red Elephant Gold Property.

About A25 Gold Producers

A25 Gold Producers Corp., a Canadian-based company in British Columbia is in the business of commercializing gold and silver properties that had been active mines in the past but were not fully exploited. The properties are located in the Zeballos area near the west coast of Vancouver Island, British Columbia. The properties are grouped into one contiguous area giving A25 Gold Producers significant claims over lands that the provincial mining authority has identified the area as an area that can be expected to meet previous production records.

Safe Harbor

Certain statements above constitute forward-looking statements with respect to A25 Gold Producers Corp. and affiliate companies. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the companies to be materially different from any further results, performance or achievements expressed or implied by such forward-looking statements. 

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