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.
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SOURCE Buyer Group International, Inc.