SOURCE: IO Circuit

December 06, 2011 07:30 ET

Lone Star Gold Increases Its Presence in Mexico

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

NEW YORK, NY--(Marketwire - Dec 6, 2011) - Lone Star Gold, Inc. (OTCBB: LSTG) announced yesterday that they have committed to the option to acquire a 65% interest in the San Antonio del Potrero mine tailing project in Chihuahua, 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).

Lone Star Gold estimates, based on tonnage, the mine will produce for up to 8 years at 600 tons per day. The project is estimated at 1.2 million tons of Tailings from previous mining activities.

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