Dear Silverminer member
It is our pleasure to announce the launch of Silverstar Mining Corp. We are also proud to have Mr. David Bond as our chairman of the board. This is Mr. Bond’s first venture into the public market. Silverstar Mining Company (SLVM.OB) is in the business of acquiring and developing late-stage precious and strategic base metals exploration properties in the Americas with an eye toward putting them into near-term production, either by our own unique management team or in cooperation with joint-venture partners.
We are proud of our success thus far. There is an old axiom amongst miners: If you want to hunt for elephants, you must first be in elephant country. Silverstar Mining Co. is there. Our first property, the Corby Mine in northern Idaho's fabled Silver Valley, represents production potential of immense value that was overlooked entirely by all but a handful of qualified geologists, overshadowed by its more famous neighbours, the Bunker Hill, Sunshine, Crescent and Page mines. It's now Corby's turn to be in the sun.
We intend to acquire more properties like the Corby in ore-rich districts such as the Coeur d'Alenes. We have the expertise, the relationships, the financing and the enthusiasm to bring these valuable properties into production.
September 8, 2008 - 9:00 AM EDT WALLACE, ID -- (Marketwire) -- 09/08/08 -- Silverstar Mining Corp. (OTCBB: SLVM) is pleased to announce that it has entered into a Letter of Intent with Gold Canyon Partners, LLP to examine and possibly acquire 100% of the Cobalt Canyon Gold Project located in Lincoln County, Nevada.
"The Cobalt Canyon complex was drilled and reviewed by Homestake Mining and Barrack Gold in the 1980s and even then showed encouraging results. We would regard this as a significant addition to our portfolio of precious metals properties in North America," said Silverstar CEO Jim MacKenzie. "I believe this could be a great opportunity for Silverstar's future growth and our shareholders," Mr. MacKenzie added.
The Cobalt Canyon properties are located in the Chief Mining District of southeastern Nevada. The project includes numerous small underground mines within the Chief District situated just north of Caliente, Nevada. The project includes 22 unpatented federal lode claims (approx. 363 acres) and an option to acquire 59 acres in three patented mining claims.
"The principals of Gold Canyon Partners have delineated a potentially large and profitably ore body with significant gold values, and we are eager to participate in bringing the Cobalt Canyon property into further development and, ultimately, operation," Mr. MacKenzie said.
About Silverstar Mining Company
Silverstar Mining Corp. (OTCBB: SLVM) is a late-stage explorer and developer of silver, gold, and related non-ferrous metals in North America. Through exploration and acquisition initiatives, and in strategic partnerships with other respected miners, we intend to put silver and gold production on our books this year even as we expand our land position in productive, politically stable metal-mining districts in the Western Hemisphere.
Please visit our web site http://www.silverstarmining.com and register to receive updates on this exciting project as well as upcoming literature and events.
Yours sincerely
Jim MacKenzie
CEO
Silverstar Mining Corp
jim@silverstarmining.com
..irgendwo gibt es eine neue.
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