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Lone Star Gold (OTCBB: LSTG) Continues Down Same Path of Touting Potential Gold and Silver Reserves, Signing Ambiguous Deals

Posted on September 30, 2011 by OTC Equity

If Lone Star Gold, Inc. (OTCBB: LSTG) was worth its weight in what they publish as potential gold reserves at Mexico's La Candelaria Property, a project that LSTG has a 70% working interest in, then it would certainly make investing in the company a little more attractive to investors. How could it not? According to a 2009 geological study conducted on the La Candelaria property, a study that LSTG likes to highlight in the press releases, the potential reserves include 10,312,898 ounces of gold at an average grade of 0.20 g/t. With gold prices currently holding strong at $1629.00 per ounce, that would, on the conservative side, place the value of the metal at the property around $16 billion. Add to that the fact the La Candelaria property isn't exclusively a gold project but also has, again from the 2009 geological study, an estimated 215,697,280 ounces of silver at an aver...

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