Land Star (LDSR) Finalizes Mexican Transaction With MexMin Mining Companyadmin
Landstar announce the closing of the Mexican component of the MexMin mining opportunity having closed Colorado just recently in November. The Mexico project involves a highly prospective gold silver vein system deposit which was an old Spanish mine. Recent assays of in excess of 1 km of strike have graded as high as 1.23 ounces gold and 200 ounces silver all within 15km of a processing facility. The low wage environment in Mexico, the large acreage and the willingness of the locals to develop this mine, pave the way for early cashflow from this project. Landstar geologists have taken further assays of the resource to further expand the extent of this high grade deposit, the results of which we will announce shortly. The projects in Colorado and Mexico along with the Oil Vapor recovery technology in China represent exciting times ahead for Landstar.
In other corporate news, the company continues its 3 way in negotiations with a separate energy company, as a possible merger target and also sharing its technology through licensing means or other available vehicles with a Germany based publicly traded company. The company will make further announcements shortly.