SOURCE: Triton Distribution Systems, Inc.

Triton Distribution Systems, Inc.

January 10, 2011 08:00 ET

Triton Distribution Systems, Inc. Received on Behalf of Advanced Gold Technology a Special Study for Availability of Mineral Resources in Three Major Mines Operated in Russia

TIBURON, CA--(Marketwire - January 10, 2011) - Triton's (PINKSHEETS: TTDZ) management is pleased to announce today that it received on behalf of Advanced Gold Technology ("AGT") a Technical Study of Mineral Resources and reserves of gold deposits in three major mines owned and operated by AGT's sister company Berezovskoye in Russia. The study was conducted by the very reputable and respectable Consulting Company SRK Consulting Ltd of Cardiff, UK.

The report of the study indicated the discovery of the following results:

It is estimated that the "Pine" mine can produce 50,144 ounces in gold that is valued at $70,201,600 on the International gold market. It is also estimated that the "Talaiz" mine can produce 85,808 ounces in gold valued at $120,131,200 on the International gold market and that the "Vorgavozh" mine can produce an estimated 272,832 ounces of gold valued at $381,964,800 on the International gold market. The opinions that are expressed in the study indicate that according to the research that was conducted on site, it is estimated that in total all three mines can produce 408,784 ounces valued at a total price of $572,297,600 on the International gold market.

Based on the above mentioned study, the operation of all three mines will go on for several years due to the large deposits of minerals available in each mine.

The relationship that is developing between Triton, AGT, Berezovskoye and Universal Holdings is developing into a very productive, successful and profitable partnership.

FORWARD-LOOKING STATEMENTS This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. The company's operations and business prospects are always subject to risk and uncertainties. 

Contact Information

  • Contact
    Triton Distribution Systems, Inc.
    Gregory Lykiardopoulos
    CEO
    415-381-4806