Amalgamated Gold and Silver Inc. (AGS) (PINKSHEETS: BCHS) Today Released a
Letter to the Shareholders Updating 1st Quarter Activity
Amalgamated Gold and Silver Inc. (AGS) Project Update Letter to
MIAMI, FL -- (Marketwired) -- 05/23/14 -- Amalgamated Gold and
Silver Inc. (AGS) (PINKSHEETS: BCHS)
The company would like to inform you of its progress on the Letters
of Intent (LOI's) and various announcements made January through
Amalgamated Gold and Silver Inc. (BCHS) Signs Letter of Intent (LOI)
On ULEXITE Asset
Jan 14, 2014 -- Amalgamated Gold and Silver Inc. (AGS) announced it
has signed an LOI with EEPL proprietary, a Bolivian entity, to
acquire a 51% controlling interest in the Ulexite Calcination plant
in Oruro, Bolivia.
The company, after thorough due-diligence, found the costs to
initiate the project three times higher than what was originally
presented by the seller and therefore has elected not to proceed with
the joint venture.
Amalgamated Gold and Silver Inc. Signs Letter of Intent (LOI).
Jan. 30, 2014 -- Amalgamated Gold and Silver Inc. (AGS) announced the
signing of an LOI to joint venture and or/acquire the La Bonanza
Concession located in Nayarit, Mexico.
While the results of the site visit and assay results from samples
taken were positive, due to the location and elevation of the mine
the company has decided that the initial costs for 6 kilometer access
road and subsequent drilling program are prohibitive. At this time
the company will not conclude this joint venture or acquisition. This
concession, if available, will be revisited in the future.
Amalgamated Gold and Silver Inc. Confirms the Imminent Production of
Antimony Ore from their St Anthony Mine in Bolivia.
Feb.4, 2014 -- Amalgamated Gold and Silver Inc. (AGS) announced it
has confirmed the imminent production of Antimony Ore from its St
Anthony Mine in Turiri Bolivia.
As a result of the recent mine site visit and subsequent reports, the
company has decided that an open pit mining operation will be the
most effective and economical for the long term. Local geologist
Hernan Uribe has been retained to produce an open pit mining plan and
projections for production. This will include the evaluation of a new
adit recently opened which appears will intersect the main proven ore
bodies of the Gamma, Alpha and possibly the Beta veins.
The company is actively engaged in the reopening of the San Antonio
de Turiri mine and has deployed local Hernan Uribe and his associates
to the mine site. Mr. Uribe's report and recommendations are expected
the latter part of this month. Further information of the ongoing
work at the mine will be published as it develops.
Amalgamated Gold and Silver Inc. Signs Memorandum of Understanding
Feb. 5, 2014 -- Amalgamated Gold and Silver Inc. (AGS) announced it
has signed a MOU to acquire the Huajara Polymetalic Processing Plant
in Oruro Bolivia.
After inspection of the facility and due-diligence on the contracts
for processing, the company has elected not to proceed with this
acquisition having been unable to verify the contracts for processing
from any of the company's as represented by the seller. In the event
of confirmable contracts being made available, this project will be
The company thanks you for your interest and continued support.
Amalgamated Gold and Silver Inc.
Amalgamated Gold and Silver Inc.
80 SW 8th Street, Suite 2000
Miami, Florida 31330 USA
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