BALTIMORE, Nov. 1, 2013 (GLOBE NEWSWIRE) -- Laredo Resources, Inc. (OTCQB:LRDR), an exploratory mineral company, announces a recently published article by Goldman Small Cap Research (GSCR), a stock market research firm focused on the 'small-cap', and 'micro-cap' sectors, regarding their business.
GSCR states that Laredo appears to be on the verge of cashing in on some of the material found on the patented claims on its site in southwestern Montana, which could have a positive impact on the value of the company's stock.
GSCR also states that:
- Laredo Resources is accomplishing this feat by leveraging a long history of mining success on its site. The Company has the right from Magna Management Ltd. to acquire the property known as Pony Mountain Gold, which is located in the Mineral Hills District in South Western Montana. The property was a proven producer of gold dating back to the 1800's. The underground hard rock vein sites consist of several properties assemblies of which several have been previously explored and mined. It is estimated that over 300,000 ounces of gold were mined.
- This 4,000 acre package of properties has 128 patented and unpatented mining claims. This is of significance for investors, as patents or deeds are only issued to owners that have proven to the federal government that locatable minerals such as gold can be extracted.
- This notion dovetails perfectly with pending near term milestones for Laredo. With approximately 100,000 tons of dump material on the site that could produce gold, the size of the near term opportunity is simply huge. Earlier this month, the process of hauling from dumps of ore material located on the Pony property to a staging area at the base of the property, in order to be prepared for crushing and shipping, already commenced, thus generating immediate potential profitable activity for the company and its shareholders. As management executes its very achievable and conservative operations plan, investors are poised to be rewarded.
This press release contains excerpts of GSCR's most recently published article on Laredo Resources. To view all Laredo reports, articles, disclosures and disclaimers, or to download the article in its entirety, please visit www.goldmanresearch.com.
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About Laredo Resources Corp. (OTCQB:LRDR): Laredo Resources Corp. is an exploratory mineral company engaged primarily in the objective of gold extraction and processing. The Company under contract and disclosed in its 8K on EDGAR, has the right from Magna Management Ltd. to the property known as Pony Mountain Gold which is located in the Mineral Hills District in southwestern Montana. This 4,000 acre package of properties has 128 patented and unpatented mining claims and approximately 100,000 tons of dump material on the site that could produce gold.
CONTACT: Robert C. Gardner Phone: 1-406-213-4700 Email: firstname.lastname@example.org Websites: www.laredoresources.com Goldman Small Cap Research Rob Goldman, Analyst 410-609-7100 email@example.comSource:Laredo Resources Corp.