(Source: MARKETWIRE)
Golden Spirit Enterprises Ltd. (OTCBB: GSPT) reports the company has
entered into an Option Purchase Agreement with a Utah-based Resource
Company (Vendor) to acquire a 100% interest in a block of
strategically located gold mineral lease claims in east central
Nevada. These claims are all located in the heart of the newly
discovered 'Long Canyon Gold Trend' where four major companies
(Fronteer Development Group Inc., AuEx Ventures Inc., Agnico Eagle
Mines Ltd. and Barrick Gold Corporation) have spent over $40 million
dollars in exploration costs to date defining near surface gold
deposits with similar geology and characteristics as the famous
Carlin Gold Trend. These four companies to date have major land
positions in this new trend and have made press releases confirming
exceptional gold values in their recent extensive drilling programs
which continue to date.
The Company will be required to provide cash payments in installments
and issue shares of the Company's stock to the Vendor for entry into
this exclusive Option Purchase Agreement. Golden Spirit also will be
required to provide working capital to complete a two phase
exploration program, and to define potential drill targets on the
claim block.
Through this agreement, the company will also have the first option
to acquire additional gold mineral lease properties from the Vendor in
this newly discovered Long Canyon Gold Trend area and in other gold
exploration and gold production areas of Nevada in the future.
/s/ Christopher Scheive
Christopher Scheive, President
For further information contact: 1-888-488-6882
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995: The statements contained herein which are not historical
fact are forward-looking statements that are subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed in the forward-looking statements, including,
but not limited to, certain delays in testing and evaluation of
products and other risks detailed from time to time in Golden
Spirit's filings with the Securities & Exchange Commission.
For further information contact:
Golden Spirit Enterprises Ltd.
1-888-488-6882
www.goldenspirit.ws
Email Contact
SOURCE: Golden Spirit Enterprises Ltd.
A service of YellowBrix, Inc.
