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BRYN Bryn Resources Inc (PK)

0.0034
-0.0001 (-2.86%)
26 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Bryn Resources Inc (PK) USOTC:BRYN OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0001 -2.86% 0.0034 0.0015 0.0147 0.0035 0.0034 0.0035 448,885 21:00:01

Bryn Resources Inc. Enters into a Geological Service Agreement with Trueclaim Exploration Inc.

15/08/2011 12:30pm

PR Newswire (US)


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TORONTO, Aug. 15, 2011 /PRNewswire/ - Bryn Resources Inc. (PINK: BRYN) (PINKSHEETS: BRYN.PK) is pleased to announce that it has entered into an agreement (the "Agreement") pursuant to the terms of which Trueclaim Exploration Inc. (TSXV:TRM) (OTCQX: TRMNF) (Trueclaim) will provide  geological services in respect of mineral exploration properties held by Bryn Resources Inc. ("Bryn").  Trueclaim will commence work on Bryn's property this month with a view to providing a Preliminary Property Assessment Report in preparation for the eventual delivery of a NI43-101 compliant report.  This preliminary property assessment (to be completed this year) will  include:    

1) Evaluation of the resource potential of the subject mineral claims  

2) Preparation of preliminary assessments  

3) Review of geological data supplied by the Bryn  

4) Provide overview of regional properties  

5) Provide recommended exploration programs and a budget with the view to  completing a NI43-101 compliant report.

About Trueclaim Exploration Inc.

Trueclaim Exploration Inc. is a mineral exploration company listed on the TSX-Venture Exchange and the OTCQX. Trueclaim is engaged in the acquisition and development of precious and base metals properties in strategically located areas, currently within Ontario and Arizona, The company's mission is to continuously seek out and develop precious metals properties with near term production potential that can provide the Company with a growing positive cash flow. To maximize all business opportunities through intelligent planning and consistent execution of the Company's strategies so that they result in generating the highest possible financial returns to all shareholders.  

About Bryn Resources Inc.

Bryn Resources is a precious metals exploration company currently concentrating its efforts in eastern Canada.  Bryn presently holds a 100% working interest in the Renfrew Property situated in Hants County, Nova Scotia comprised of 62 Claims covering approximately 2,480 acres, as well as a 100% working interest in the Wine Harbour property located in Wine Harbour, Nova Scotia comprised of 53 mineral claims covering approximately 2,100 acres. The Wine Harbour claims have historically demonstrated their mineralization and in the period between 1862 and 1939 are reported to have produced 42,726 ounces of gold from 83,000 tons of ore, for an average content of 0.52 ounces per ton.

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

Copyright 2011 PR Newswire

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