SOURCE: Amalgamated Gold and Silver Inc.

February 13, 2014 08:00 ET

Amalgamated Gold and Silver Inc. Signs Letter of Intent (LOI)

MIAMI, FL--(Marketwired - February 13, 2014) - Amalgamated Gold and Silver Inc. (AGS) (PINKSHEETS: BCHS) today announced it has signed an LOI to acquire a 70% interest in the El Banco concession located in Jalisco, Mexico. The El Banco is a 4000 Hectare concession with strong showings of high grade iron ore and copper. Mine engineer Ricardo Vera and geologist David E. Clavellina Corralas are currently on site conducting trenching and sampling of several previously identified areas. The company expects to receive their field report and assay results in early March 2014.

AGS is also pleased to announce that it has concluded negotiations and retained Exploration Alliance SA (http://www.explorationalliance.com/home.html) to complete a NI 43-101 compliant report on the proven reserves of the San Antonio de Turiri Mine in Bolivia. The Exploration Alliance SA geologist will meet Almero Bourbon in Bolivia on the 16th of Feb. 2014 to begin the process. The company anticipates it will receive the NI 43-101 report in the first weeks of March 2014.

The NI 43-101 report will be made available on the company website www.ags-inc.co under Projects.

The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

Contact Information

  • Amalgamated Gold and Silver Inc.
    80 SW 8 Street, Suite 2000
    Miami Florida 31330 USA
    Email: info@ags-inc.co