Buyer Group International, Inc. (BYRG.PK) to Upgrade Reporting of
Interest in 440 acres in Wyoming
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.
Company website: www.byrg.org
Media Contact:
Heidi Gillion
Heidi@pr-publicrelations.info
Telephone: 323-250-9904
ir@byrg.org
SOURCE Buyer Group International, Inc.