FARMINGTON, N.M., Jan. 13, 2009 (GLOBE NEWSWIRE) -- Wildwood Management Corporation (Pink Sheets:WILDJ) (Frankfurt:4IO) has initiated its due diligence process to evaluate a gold mining operation opportunity in Columbia. Wildwood Management will proceed with its evaluations to determine the mines potential for development and production.
The property is located in the country of Colombia located in the intersection de la Quebrada de la veta con la Quebradad Norosi in the municipality of arenal-Bolivar, morales-Bolivar. The total area extension of 1017.55 hectares has potential reserves of approximately 1 million troy ounces of gold. The company has been granted a 6 month period of time to complete evaluations before committing to an investment in the gold mine operation.
About Wildwood Management Corp.
Wildwood Management Corp. is an established mining, exploration and development company. Our mission is to create shareholder value by achieving growth through robust acquisition and exploration programs and low-cost production.
Wildwood continues to maintain excellent community relations and a commitment to responsible environmental practices. The company has a strong management team and an effective board dedicated to excellence in corporate governance. We are committed to a dynamic exploration and development program.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.