TORONTO, July 21, 2011 /PRNewswire/ - Bryn Resources Inc.
(PINK: BRYN) (PINKSHEETS: BRYN.PK) is pleased to provide its
shareholders with an update on its corporate activities since its
last release. Bryn Resources Inc. is continuing its program of
acquiring promising mining properties to add to their already
acquired 100% ownership rights to 2 very promising gold and silver
properties in Eastern Canada.
Additional details of the mining properties can be found on Bryn
Resources Inc.'s web site at http://www.brynresources.com or on the
quarterly disclosure statements at
http://www.otcmarkets.com/stock/bryn/quote. Bryn Resources has also
continued discussions with a Canadian mineral exploration company
listed on the TSX-Venture to conclude an agreement that will have
them participate with Bryn Resources Inc. by way of providing
consulting and on the ground assessment of the mineralization
potential of the 2 sites.
This preliminary property assessment to be completed this year
will include:
|
|
|
a.
b.
c.
d.
e. |
Evaluation of the resource potential of subject mineral claims
( the "Property")
Preparation of preliminary assessments
Review geological data supplied by the Company
Provide overview of regional properties
Provide recommended exploration programs and a budget with the view
to prepare a 43-101 report. |
Immediately upon completion of its discussions with the Canadian
mineral exploration company and the finalization of a Consulting
and Extraction Agreement, Bryn Resources Inc. will release further
particulars of its program for the balance of 2011 and continuing
for 2012.
About Bryn Resources Inc.
Bryn Resources is a precious metals exploration company
currently concentrating its efforts in Eastern Canada region holding 100% interest in
Renfrew Nova Scotia that comprises of 62 Claims covering 2,480
acres, and 100% interest in Wine Harbour, Nova Scotia with rights to 53 mineral claims
for a total of 2,100 acres. These claims have historically
demonstrated their mineralization and in the period between 1862
and 1939 yielded 42,726 ounces of gold from 83,000 tons of ore, for
an average content of 0.52 ounces per ton. Bryn Resources Inc.
continues to seek partnerships in proven mineralization which are
close to the production phase.
This press release contains forward-looking statements that
reflect the Company's current expectation regarding future events.
Actual events could differ materially and substantially from those
projected herein and depend on a number of factors. Certain
statements in this release, and other written or oral statements
made by Bryn Resources Inc. are "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. You should not
place undue reliance on forward-looking statements since they
involve known and unknown risks, uncertainties and other factors,
which are, in some cases, beyond the Company's control and which
could, and likely will, materially affect actual results, levels of
activity, performance or achievements. The Company assumes no
obligation to publicly update or revise these forward-looking
statements for any reason, or to update the reasons actual results
could differ materially from those anticipated in these
forward-looking statements, even if new information becomes
available in the future. Important factors that could cause actual
results to differ materially from the company's expectations
include, but are not limited to, those factors that are disclosed
under the heading "Risk Factors" and elsewhere in documents filed
by the company from time to time with the United States Securities
and Exchange Commission and other regulatory authorities.
SOURCE Bryn Resources