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Article: Land Star Corp (LDSR) Enters Discussions to Acquire Ecuadorian Mining Company.
- Article from:
- PR Newswire
- Article date:
- January 14, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Jan. 14 /PRNewswire-FirstCall/ -- Land Star has entered into discussions with an Ecuadorian mining company that is active in the historic gold bearing region of Portevelo-Zaruma in the El Oro Province of Ecuador. First mined by the Incas, this area has historically yielded in excess of 4.5 million oz. of gold from epithermal gold/silver vein systems since 1905. Additionally, the ore from this region also yields significant amounts of silver and copper.
Southern American Development Company (SADCO), a subsidiary of a major American mining company operated the primary mining activities from 1897 to 1950. SADCO recovered some 3.5 million ounces of gold and ...