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Release Archives: 07/07/2010
Itronics
Reports
Auric Gold & Minerals Has Staked and Registered 158 Mineral
Lode Claims; Worldwide Interest in Area of Nevada Being Staked
RENO,
NV--(Marketwire - 07/07/10) - Itronics Inc. (Pinksheets:ITROD -
News) wholly-owned subsidiary Whitney & Whitney, Inc. reported
today that working with its claim staking contractor it has completed
staking and has registered 158 mineral lode claims for Auric Gold
& Minerals, Inc. The project now covers approximately 3,000
acres of land in Nevada and the claim staking is continuing.
Whitney
& Whitney identified the polymetallic gold project and agreed
to help Auric Gold & Minerals acquire the highly prospective
mineral property, now encompassing 3,000 acres. The land acquisition
is being accomplished by staking and registering lode mining claims
on Federal lands managed by the U.S. Bureau of Land Management.
"The
Auric polymetallic gold project is proving to be very timely,"
said Dr. John Whitney, Itronics founder and president. "In
a press release we issued on September 3, 2009, we stated that 'there
is a rapidly expanding move worldwide to invest in and acquire mineral
resource assets.' Since that time interest in gold and mineral properties
worldwide has increased and the prices of mineral commodities including
gold and silver continue to increase."
"Political
uncertainties are increasing as well, with even safe countries such
as Australia making proposals to impose huge increases in mining
taxes. Because of this, Nevada, the world's fourth largest gold
producer, is recognized as one of the safest states in the world
for minerals' investment and is attracting mining companies from
all over the world. The Auric polymetallic gold project is in an
area where several international mining companies are actively staking
claims or acquiring positions in existing projects," Dr. Whitney
explained.
Auric is a majority owned affiliate of Whitney
& Whitney, Inc. and was formed to acquire multi-mineral (polymetallic)
gold properties, and to strategically invest in Junior Gold and
Minerals Companies that provide the opportunity to develop and commercialize
environmentally friendly polymetallic gold projects. Further updates
will be issued as the project advances. Project details will be
published once property acquisition is complete.
About Itronics
Headquartered in Reno, Nevada, Itronics is
a Cleantech Specialty Fertilizer and Silver Company that produces
the Award Winning GOLD'n GRO liquid fertilizers and pure silver
bullion. Itronics, through its subsidiary, Itronics Metallurgical,
Inc., is the only company with a fully permitted "Beneficial
Use photochemical, Silver, and Water Recycling" plant in the
United States that converts spent photoliquids into pure silver
and GOLD'n GRO liquid fertilizers. The Company is developing environmentally
compatible mining technology, provides project planning and technical
services to the gold mining industry, and operates the popular InsideMetals.com
web site, http://www.insidemetals.com, which provides a value-added
WORLD VIEW of Gold Producer Stocks, Mineral Producer Stocks, Junior
Gold Stocks, and Junior Mineral Stocks.
Itronics has received numerous domestic and
international awards that recognize its ability to successfully
create and implement new environmentally clean recycling and fertilizer
technologies.
The Company's environmentally friendly GOLD'n
GRO liquid fertilizers, which are extensively used in agriculture,
can be used for lawns and houseplants, and are available, along
with liquid fertilizer injectors, at the Company's "e-store"
catalog at http://goldngro.com. The popular Silver Nevada Miner
bars are available at the Company's "e-store" catalog
at http://www.itromet.com.
VISIT OUR WEB SITE: http://www.itronics.com
Contact:
Paul Knopick
888-795-6336
("Safe Harbor" Statement under the
Private Securities Litigation Reform Act of 1995: This press release
contains or may contain forward-looking statements such as statements
regarding the Company's growth and profitability, growth strategy,
liquidity and access to public markets, operating expense reduction,
and trends in the industry in which the Company operates. The forward-looking
statements contained in this press release are also subject to other
risks and uncertainties, including those more fully described in
the Company's filings with the Securities and Exchange Commission.
The Company assumes no obligation to update these forward-looking
statements to reflect actual results, changes in risks, uncertainties
or assumptions underlying or affecting such statements, or for prospective
events that may have a retroactive effect.)
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