SOURCE: Gold & Silver Minerals

March 02, 2007 16:16 ET

G&G Minerals Inc. Contracts Qualified Person to Perform an Independent Technical Review and Report for the La Millionaria Property

LAS VEGAS, NV -- (MARKET WIRE) -- March 2, 2007 -- G&S Minerals, Inc. (PINKSHEETS: GSML) (the "Company") is pleased to announce that it has commissioned Michael Sandidge, P Geo., a qualified person, as defined under National Instrument 43-101, to perform an independent technical review and report for the La Millionaria Property.

At the request of Mr. Charles Brown, the company has arranged for an initial property visit on the La Milonaria Property in southwestern Chihuahua State, Republic of Mexico. Mr. Sandridge will collect samples and make observations necessary to compile a preliminary assessment report.

These findings will be reviewed and assessed with the company geologist Dr. Hindman prior to undertaking a National Instrument 43-101 Qualifying Property Report for the purposes of the Company to comply with Exchange Regulations.

La Milonaria is in the northern Sierra Madre Gold Belt in northern Mexico.

About La Millonaria

The La Millonaria property, located in Mexico's highly prolific Sierra Madre Occidental gold-silver belt in SW Chihuahua, consists of four mining concessions with a total of 875 hectares, and includes formerly producing gold mines and current gold/silver exploration projects.

About G&S Minerals, Inc.

G&S Minerals, Inc. dba Gold & Silver Minerals is a growing company focused on acquiring and developing high-quality, low-risk resource and energy prospects. The company is aggressively pursuing opportunities to develop working interests in mineral properties that offer short time to production as well as significant upside exploration potential. By leveraging an extensive network of industry contacts, management expertise, smart acquisitions and a strong market for minerals, Gold & Silver Minerals is working to build rapid asset growth, near-term cash flow, market interest and shareholder value. Gold & Silver Minerals trades on the OTCPK as "GSML." For additional information, please visit www.gold-silverco.com.

Cautionary Note

The grades, tonnages, assays, production estimates and other technical data are taken from historical records prior to the implementation of NI 43-101. While the data is believed to have been acquired, processed and disclosed by persons believed to be technically competent, it is unverifiable at present. G&S minerals Inc. is not treating the historical estimates as current mineral resources or mineral reserves as defined in NI 43-101 and the historical estimates should not be relied upon and are the subject of the current review.

About Michael H. Sandidge, P.Geo.

Michael Sandidge is a qualified person, as defined under National Instrument 43-101. He has a Masters degree in Geological Sciences from the University of Texas at El Paso and has participated in seventeen professional publications and presentations before scientific societies focusing on tectonics, structural geology, metallogenesis, and paleontology. He also has extensive experience in Mexico and is familiar with historical and current work in the region.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

Corporate Address:
723 S. Casino Center Blvd.
Las Vegas, NV 89101-6716
To receive timely updates and information on any future developments as they occur please email us at info@gold-silverco.com.

Contact Information

  • Contact:
    Investor Relations Contact
    Larry K. Davis
    Bravo International Services
    1534 Hampshire Rd.
    Victoria, B.C. Canada V8R 5T5
    Contact: 250-595-7714