SOURCE: IO Circuit

November 08, 2011 07:30 ET

Lone Star Gold Begins Drilling on Mexico Property

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO CIRCUIT

NEW YORK, NY--(Marketwire - Nov 8, 2011) - Lone Star Gold, Inc., (OTCBB: LSTG) announced today that they have begun drilling on their La Candelaria gold-silver project in Chihuahua State, Mexico.

Mexico has seen its production of gold nearly double since 2005. According to the British Geological Survey, mined gold production in Mexico has gone from 26,782 kilograms in 2005 to over 51,000 kilograms in 2009. Many industry players are focused on Mexico, like AuRico Gold (NYSE: AUQ) and Brigus Gold (NYSE Amex: BRD) and GoldCorp (NYSE: GG).

In an article by Gold Investing News, it is highlighted that "Relative political and financial stability, legal security for investors and its location next to one of the world's top importers of resources are all positive factors impacting Mexico's gold mining industry today."

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