Guangzhou, China, June 02, 2012 --(PR.com
)-- Drilling in widely separated intervals, gold oxide was revealed in a variety of intersections at the El Transito site. The findings substantiate the company’s position in that there is a vast promise to further lengthen and enlarge the existence of the El Transito mine while recovering these further oxide supplies.
Additional drilling will be necessary to ascertain accurate depths and widths of the deposits. The initial drilling sites were the first in the long unused area which had been previously been inaccessible for exploratory drilling. This recent discovery indicates that the veins may reach further than previously thought.
Further investigation will be ongoing in this region as it is on an already approved mining charter with existing serviceable roads, communication and transportation networks so that further deposits can be promptly developed.
Sino-Sud recently revealed plans for a fall IPO on the Hong Kong exchange. Subject to regulatory requirements and due diligence under securities law, the preliminary target price is expected to be 100HDK ($13USD).
This press article contains forward looking statements. Past performance does not guarantee future results. This article does not constitute any part of Sino-Sud Resources’ annual report, prospectus, offering memorandum or any other document required for Security Commission compliance. Sino-Sud Resources makes every effort to ensure the accuracy of the contents of its articles. There may be errors, omissions, technical or typographical errors for which the company assumes no responsibility. Sino-Sud Resources does not guarantee, warrant or make any representations regarding the accuracy, usefulness, validity, reliability or completeness of the information contained in this article. Sino-Sud Resources will not be held liable for any direct or indirect damages including, but not limited to, negligence by employees or persons working under contract for the company.
Investors should never rely solely on the information contained in this article. The information contained in this article is not a substitute for independent professional guidance. Advice should be acquired from an investment advisor who has the authority to trade in Sino-Sud Resources securities. Duplication, re-transmission or modification of this article, either electronically or otherwise is strictly prohibited without the express permission of Sino-Sud Resources. An official copy of this article can be obtained by sending a self addressed envelope to Sino-Sud Resources, Level 54 Guangzhou IFC, No.5, Zhujiang Road West, Guangzhou 510623 PRC, China. Please use our contact us form on the companies official website at sinosud.com for any other enquiries.