SHERMAN OAKS, Calif., April 26, 2012 /PRNewswire/ -- ABOT Mining (Pink Sheets: ABOT.pk) continues its geological testing and sampling work on the property adjacent to south of Aztlan 8 B. The preliminary analysis appears to confirm our initial assessment that the mineral deposit may extend beyond the strike zone of Aztlan 8 B. However, the Company needs to further evaluate the property in order to meet its investment and acquisition criteria.
Company and its JV Partner's joint request for further access to the property has been granted by the property owner, which will allow our team to make a decision on the acquisition. The Company is under no obligation to purchase the property and this permission is not based on any monetary commitments. The cost of geological survey and testing shall be jointly shared by the Company and its JV Partner.
About the Company
ABOT is a US based mining company engaged in discovering, acquiring, developing, producing, and marketing precious and semi-precious metal properties and is currently headquartered in Sherman Oaks, California. ABOT plans to create long term shareholder value by implementing an aggressive exploration program, making new precious metals discoveries and developing mining properties with long-life and low cost operation.
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
Imran Firoz, President
ABOT Mining Co.
13920 Moorpark Street, Suite 201,
Sherman Oaks, CA 91423
T: +1 818.302.0100
SOURCE ABOT Mining