Buyer Group International, Inc. (BYRG.PK) to Upgrade Reporting of Interest in 440 acres in Wyoming
Continued Management and Discussion Analysis
AUSTIN, Texas, March 13, 2013 /PRNewswire/ -- Buyer Group International, Inc. (OTC Pink: BYRG) announces the following:
"Recently, we reviewed our interest in the property in Wyoming as a potential for upgrade in the reporting of mineral occurrences. In reviewing documentation, we have looked over several drill logs and assay reports. The original program was undertaken in 1981 however, since then information packets have lapsed and some information may not be available for review," said BYRG CEO David Bryant.
In the course of proper diligence, the CEO of BYRG spoke with the driller, who indicated proper chain of title was undertaken with the 1994 program by Longyear Company and the samples sent to the labs for assay. "Those samples, we believe, support a full scale drill program that can be implemented fulfilling the Guide 7 requirements for a full valuation. I personally believe this will prove what we've come to accept all along, that there's gold in those hills," Mr. Bryant said.
"Original estimates attempted to value 10 acres out of a 50 acre claim area. New information indicates that the total of 21 claims actually encompasses 440 acres on the project area. The original reports, having been done some time ago, didn't fully stipulate the entirety of the occurrences believed to exist at French Creek. Ore head analysis from drill logs revealed a healthy amount of occurrences from 30 feet to 410 feet out of 600 feet in the limited area drilled. Assays demonstrate solid Platinum Metals Group (PMG) occurrences along with gold and silver occurring at various depths and in various quantities. A full scale drill program is the best way to establish the full feasibility of the mineral occurrences at French Creek, Wyoming."
Spot Sample Assay Indications:
2.5 opt Au
42 opt Ag
2 opt of Platinum
1.5 opt of Rhodium
Other trace metals such as Zinc and Osmium
David Bryant also said, "Since 1994, several assay companies have run various sample tests, and indications vary depending on test employed. However, one thing is certain, there is a substantial metals showing for the above indications. My hope is a full scale program will reveal much more in the near future. We have started the bid process to re-drill the property and quotes coming in are encouraging that it will not take much funding to fully prove up this property beyond anyone's estimation."
It is important to note that BYRG has a minority interest in this property, 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.
SOURCE Buyer Group International, Inc.
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