A Wall Street Ledger audio interview with CEO Forbush provides an overview of Cibolan Gold’s junior mining operation which is nearing production and located in the heart of the Battle Mountain-Cortez Gold Trend in Lander County
RENO, Nev., Oct. 11, 2012 — Cibolan Gold Corporation (OTC.QB: CIBG) announced the availability of a recent audio interview with Dan Forbush, CEO and the Wall Street Ledger. The audio provides an overview its Independence mine and updates potential investors about the latest progress towards production, its competitive advantage, depth of management and the amount of measured, indicated and inferred mineralization of gold and silver.
The Independence Mine’s Competitive Advantages
“There are two distinct competitive advantages to the Independence mine,” notes Forbush. “The first is how near to production we are and the second is that we are located in ‘elephant country’—geographically in the same Battle Mountain-Cortez Trend where some of the largest gold mining companies in the world are producing millions of ounces of gold and silver and pounds of copper.”
The previously announced Preliminary Economic Assessment (PEA) is nearing completion which will define the broad economic parameters of the gold and silver mining operation. Concurrent with the development of the PEA, the Company will be advancing environmental and baseline permitting work at the property.
According to Forbush, “We are very focused on the PEA and we expect the report to make clear what precious metals we can recover within a reasonable cost framework.”
The audio interview can be accessed by going to: http://www.wallstreetledger.net/index.php?id=441
About Cibolan Gold Corporation
Cibolan Gold Corporation is an aggressive junior minerals exploration and development company, based in Reno, Nevada. The Company is actively exploring and developing its 100% controlled Independence property strategically located in the prolific Battle Mountain Mining District of Nevada.
Cautionary Note to U.S. Investors
The U.S. Securities and Exchange Commission permits U. S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this presentation, such as “measured”, “indicated”, and “inferred” “resources”, which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our form 10-K which may be secured from us or the SEC website at: http://www.sec.gov/edgar.shtml
Notice Regarding Forward-Looking Statements
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that the Company will find appropriately priced equipment or a contractor willing to move the muck on our property, or that it will be able to complete any additional financing activity, or that the near surface mineralized material will be economically recoverable.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
FOR MORE INFORMATION CONTACT:
CIBOLAN GOLD CORPORATION
1155 WEST FOURTH STREET, SUITE 210
RENO, NV 89503