Stonebridge Resources Announces Joint Venture
14 January 2012 - 3:32AM
Stonebridge Resources Explorations Ltd. (S3C1.DE.FSE) (the
"Company") today announced today that it has entered into a joint
venture with Rio Plata Exploration and Mining Company to explore
and develop a new project in Arizona.
The Project
The "Eastern Empire Mine" property, which consist of 59
contiguous parcels located adjacent to the "Total Wreck" mine on
the eastern end of the Empire Mountains. This property became
attractive because of its proximity to the Rosemont Mine site being
developed by Augusta Resources. We believe that the rich diversity
of minerals and metals already determined to be in this area, the
Eastern Empire Mine property is a prime candidate for economic
development. The Eastern Empire Mine property is an early stage
exploration endeavor, in an area that has received significant
capital deployment in the last five years.
About Rio Plata
Rio Plata Exploration and Mining Company is a junior exploration
and mining company. As a private junior exploration and mining
company, Rio Plata's management possesses a wealth of experience in
mining finance, development and operations throughout the Americas.
Rio Plata is based in Kalispell, Montana.
About Stonebridge Resources
Stonebridge strategy is to establish commercial reserves from
strategic positions in high potential exploration plays in order to
create and deliver shareholder value. In the implementation of this
strategy, the Company focuses on material positions that are
capable of providing significant growth through exploration.
Forward-Looking Statements
This press release contains forward-looking statements that
reflect the Company's current expectation regarding future events.
Actual events could differ materially and substantially from those
projected herein and depend on a number of factors. Certain
statements in this release, and other written or oral statements
made by Stonebridge Resources, Inc. are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934. You
should not place undue reliance on forward-looking statements since
they involve known and unknown risks, uncertainties and other
factors, which are, in some cases, beyond the Company's control and
which could, and likely will, materially affect actual results,
levels of activity, performance or achievements. The Company
assumes no obligation to publicly update or revise these
forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes
available in the future. Important factors that could cause actual
results to differ materially from the company's expectations
include, but are not limited to, those factors that are disclosed
under the heading "Risk Factors" and elsewhere in documents filed
by the company from time to time with the United States Securities
and Exchange Commission and other regulatory authorities.
CONTACT: Patrick Webb
Stonebridge Resources Explorations, Ltd.
200 S. Virginia Street 8thFloor
Reno NV. 89501
Phone: 702-490-4735
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