Buyer Group International, Inc. (BYRG.PK) to Release Drill Program Reports For Wyoming
AUSTIN, Texas, March 18, 2013 /PRNewswire/ -- Buyer Group International, Inc. (OTCPINK: BYRG) announces the following:
"Recently, we reviewed our interest in the property in Wyoming for potential for upgrade in the reporting of mineral occurrences. We feel it's in the interest of disclosure we release the information to the shareholder so they can see what the record has indicated to us all along," said BYRG CEO David Bryant.
Mr. Bryant continued, "The reports generated in 1994 and confirmed in 2001 are indicative of the depth of the test drilling and level of materials sampled. Subsequent assays were done over the years with various labs indicating the results from various depths. Some will be notated and others will not. However, most of the depths seem indicative of showings from ore head sampling."
"In the effort to compile this data, we spoke with the drillers who agreed to re-drill the site and re-specify cross sections so we could develop a comprehensive report. The cost would be between $300,000 and $500,000 to complete. We believe the project merits these expenditures due to the nature of the finds at the several drill locations," said the CEO David Bryant.
See reports at: http://www.otcmarkets.com/stock/BYRG/filings
Pre 1998 - DCP Analysis by Rare Metals Corp. (from previous joint venture efforts)
1998 Report by Global Ventures (3- sample)
*Disclaimer – Global Ventures notes they do not think they will be able to perform a 100% recovery similar to the sampling, but 50% is probable as the sampling showed similar on all 5 sampling machines.
1.6 gram sample (Aqua regia):
Pt: 1875 opt
Au: 135 opt
Rh: 675 opt
Pd: 240 opt
15.7 gram sample (Aqua regia):
Pt: 524 opt
Au: 50 opt
Rh: 278 opt
Pd: 32 opt
Sample #3 Fire Assay - .5 opt
Sample #3 Copper Collector Proprietary Flux:
Pt: 394 opt
Au: 84.7 opt
Rh: 329.9 opt
Pd: 73.1 opt
Metallurgical Research and Assay Laboratory (4/19/01):
Au: 4.95 opt
Pt: 15.84 opt
Rh: 47.52 opt
Pd: 4.09 opt
Ir: 138.48 opt
Metallurgical Research and Assay Laboratory (6/22/01):
Au: 1.69 opt
Ag: 23.09 opt
Pt: 22.29 opt
Rh: 30.46 opt
Os: 82.18 opt
Ru: 10.72 opt
Pd: 2.63 opt
Ir: 33.63 opt
It is important to note that BYRG has a minority interest in the Trust that holds title to this property and is providing information as represented to BYRG. See BYRG public disclosure for full details. Completion of the proposed transactions and development of this property are dependent upon many important contingencies, including BYRG obtaining financing and guarantees, of which there is no assurance.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Buyer Group International, Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. Buyer Group International, Inc. cautions you that any forward-looking information provided by or on behalf of Buyer Group International, Inc. is not a guarantee of future performance. Completion of the transaction is dependent upon important contingencies, including completion of financing, of which there is no assurance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Buyer Group International, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Buyer Group International, Inc. 's control. In addition to those discussed in Buyer Group International, Inc.'s press releases, public filings, and statements by Buyer Group International, Inc.'s management, including, but not limited to, Buyer Group International, Inc.'s estimate of the sufficiency of its existing capital resources, Buyer Group International, Inc.'s ability to raise additional capital to fund future operations, Buyer Group International, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Buyer Group International, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Buyer Group International, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Company website: www.byrg.org
SOURCE Buyer Group International, Inc.