SOURCE: Arizona Gold & Onyx Mining Co.

April 05, 2011 10:26 ET

Arizona Gold and Onyx Opens Negotiations to Add Historic Patented Mining Claim

WILMINGTON, CA--(Marketwire - April 5, 2011) - Arizona Gold & Onyx Mining Company (PINKSHEETS: VGCP) announces that the company has opened negotiations for the purchase of a historic copper and gold mine near Mayer, Arizona. The approximately 150 acre property has patented mining claims, including an estimation of almost two million gallons of water that are rich in copper and gold. In connection with this deal, Arizona Gold and Onyx Mining Company has also begun negotiations with a water treatment company that has the requisite technology and experience to extract the precious metals from the water.

This alluvial project is one of several potential acquisitions that Arizona Gold & Onyx Mining Company is reviewing with an aim to acquire additional properties in Arizona, a state that is renowned for its mineral wealth. Driven by worldwide demand, gold and precious metals are commanding historically high prices on the international market. As a result, the profitability of precious metal mining has improved significantly, and the company is strategically positioning itself to capitalize on its current and emerging opportunities. 

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.

Contact Information

  • Contact Information:
    Corporate Address
    Arizona Gold and Onyx Mining Co.
    317 Eubank Ave, Suite 2B
    Wilmington, CA 90744
    Tel: 1-310-835-8494
    Fax: 1-310-835-4784
    Email Contact
    Website: www.arizonagoldandonyx.com