Buyer Group International Inc. (BYRG.PK) Receives Offer for Purchase British Columbia Property with Silver Galena Stockpiles and Indicated Potential over 13,000 Tons Explored, 4,500 ft. in Length
AUSTIN, Texas, Oct. 5, 2012 /PRNewswire/ -- Buyer Group International, Inc. (OTC PK: BYRG) ("BYRG" or the "Company") received on August 5th, 2012 an executed offer for Purchase and Sale of property in British Columbia from private owners, two crown claims and three cell claims on lands that encompass stockpiles of galena ores and proven and probably or indicated reserves measured at close to 12,500 tons from three zones with existing worked adits. The price for the initial property is $10 million and requires the Company to make a deposit of $200,000 due upon acceptance and promissory notes guaranteeing $800,000 in the following year plus terms of $1 million per year for 10 years until the property is paid in full. The group overlies a mineralized lode system composed of silver-lead-zinc veins totaling 4,500 feet in length. The area has highways and property access is easy with roads direct to the property.
Historic data from drill programs are being calculated now and it is estimated that silver-zinc-lead deposits in the lode system. Grab samples in the 1,000 ton dumps have indicated sampling ranging from 1.95 opt as high as 156 opt of Silver. Existing tunneling has indicated in areas that additional indications of 12.11 opt up to as high as 471.46 opt of Silver with significant concentrations of Lead and Zinc.
Safe Harbor Statement
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SOURCE Buyer Group International Inc.