SHERMAN OAKS, Calif., May 10, 2012 /PRNewswire via COMTEX/ — ABOT Mining is pleased to provide the following update on activities around its Aztlan 8 B Property in the province of Nayarit, Mexico in the highly mineralized area known as the “Tecuala Mining District”. Nayarit is located in the Sierra Madre Occidental range, which hosts the majority of Mexico’s gold and silver deposits and is considered as the most productive epithermal precious metal region in the world.
Mining in general is an important industry in the province of Nayarit as large deposits of gold, silver, copper and lead have been discovered. This is evidenced by the fact that several mining companies in the “Tecuala Mining District” have discovered numerous high-grade gold and silver deposits and continue to carry out exploration, development and production activities in the region.
The area around Company’s Aztlan 8 B Property is currently being extensively explored and developed by many known publicly traded and private companies such as Cream Minerals Ltd. (e.g. Nuevo Milenio Property), Silvermex Resources Inc. (e.g. La Frazada Project), Rochester Resources Ltd. (e.g. Mina Real and Santa Fe Properties), and Vane Minerals Group (e.g. recently closed Diablito mine) to name a selected few.
The Company strongly believes that the strategic location of the Aztlan 8 B Property provides an extraordinary opportunity to develop economically viable gold structures in the near future. This will be the Company’s first step towards becoming a solid junior exploration and acquisition participant in this historically prolific region.
About the Company
ABOT is a US based mining company engaged in discovering, acquiring, developing, producing, and marketing precious and semi-precious metal properties and is currently headquartered in Sherman Oaks, California. ABOT plans to create long term shareholder value by implementing an aggressive exploration program, making new precious metals discoveries and developing mining properties with long-life and low cost operation.
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company’s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company’s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
Contact:Imran Firoz, PresidentABOT Mining Co.13920 Moorpark Street, Suite 201,Sherman Oaks, CA 91423E: [email protected] T: +1 818.302.0100