SOURCE: IO NewsWire

February 07, 2012 07:30 ET

Lone Star Gold (LSTG) Tailings Project Could Generate $800,000 per Month

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

NEW YORK, NY--(Marketwire - Feb 7, 2012) - Lone Star Gold, Inc. (OTCBB: LSTG) announced the development plan for their Mexican Tailings Project in the City of Hidalgo Del Parral in Chihuahua Mexico. Other companies operating near the tailings project include, GoldCorp, Inc. (NYSE: GG), Silver Standard Resources, Inc. (NASDAQ: SSRI) and Coeur d'Alene Mines Corp. (NYSE: CDE).

Lone Star estimates that their initial shipments to the processing plant near the city of Parral will generate $100,000 per calendar month (PCM) with the revenue stepping up after 6 months as their shipment weight increases. The Company estimates that the 1.2 million tons of tailings can be processed in 5 years.

As the price of gold continues to stay near its all time highs, companies are starting to look at reclaiming tailings. Gold One and Gold Fields in Australia are looking at the viability of reprocessing historical surface tailings in an effort to reclaim gold and other minerals.

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