A Junior Mining Play: Silver Scott Mines

Printer-friendly versionPDF version

This news release is brought to you by PublicMining.org, a free web site directory showcasing public mining companies with a special focus on junior mining companies

A Junior Mining Play: Silver Scott Mines
 
Santa Monica, CA – September 26, 2011. PublicMing.org recently released the following news on junior mining company Silver Scott Mines, ticker symbol OTC: SILS.
 
The current economic climate has scared countless investors away from a wide variety of volatile stocks; however, it has also influenced many investors to shift their interest to precious metals over the past three years. Gold, for instance, has seen record growth; reaching all time highs again and again over just the past few months. Silver, in traditional fashion, has increased as well during these uncertain times. For mines specializing in the production of these precious metals, interest has grown exponentially. Newer players in the game, like Silver Scott Mines, are welcoming this new investor interest.
 
Silver Scott Mines, Inc., is advancing three gold/silver projects in Mexico and a gold project in Nevada. The company currently has projects underway in Sonora at Quitovac and the vein zone at Virgin de Carmen, and in Chihuahua at Venturnia; as well as a major gold play in the highly prospective Pershing Pass, Nevada. The company is also developing additional target areas in the Mexican states of Chihuahua, Sonora, and the Baja Peninsula.
 
The company’s current projects are designed to produce smaller amounts of ounces up front and will grow production levels over time as each of the projects is fully developed. This allows the Company to begin production at a much lower capex and speeds the development timeline. The projects are open heap leach type deposits with grades generally averaging more than 1 g/t, along with several intervals containing 7 g/t. The cost of extraction on all projects is roughly $500 per ounce; however, these costs can be lower depending upon the project and the requirements for extraction.
 
The company intends to begin production on two projects (Carmen and Quitovac) using capital from its outside investors and then would prefer to fund future projects with the excess cash flow.
 
Silver Scott Mines is also a stand-out when it comes to the Company’s management and consulting staff. The individuals holding these positions are not lightly familiar with the areas where they are working, they have been working in these areas for decades. The knowledge that this has provided to the company is enabling them to add future acquisition projects to the Company roster.
 
With all of these advantages working in their favor, gold mining company Silver Scott Mines may just be positioned to make their investors some serious cash. You can keep an eye on this up and comer by watching stock symbol SILS on the OTC Pinksheets. The company's web site is located at http://www.silverscottmines.com.
 
DISCLAIMER
PublicMining.org makes no representations whatsoever about any other web sites or publications or corporations which you may access from our site and neither endorses nor accepts any responsibility for the content or use of such content.
 
Communications from PublicMining.org are for informational purposes only. Statements made by various companies, authors, sponsors and/or other contributors do not necessarily reflect the opinions of PublicMining.org, and should not be construed as an endorsement by PublicMining.org, either expressed or implied. Such communications are not intended to be construed as an offering or a solicitation of an offer to buy or sell any securities mentioned or disclosed. PublicMining.org is not responsible for typographical errors or other inaccuracies in content. However, errors may occasionally occur. We believe the information contained within communications to be accurate and reliable, but we have made no attempt to obtain independent verification of said information. Therefore, all information and materials are provided “AS IS” without any warranty of any kind. Because investing in securities is speculative and carries a high degree of risk, readers are advised to verify all claims, perform their own due diligence and consult with a trusted investment professional before investing in any securities, including any mentioned herein. Readers should remember that past performance is not necessarily indicative of future results and that they may lose all or a portion of their investment in any company, including those mentioned on this site or in any publication