NEW YORK, Oct. 26, 2012 (GLOBE NEWSWIRE) -- Shelron Group , Inc. (OTC:SRNG) or (the "Company), is pleased to announce that the Company has launched new efforts in finding gold exploration opportunities in Argentina.
This decision comes after Shelron Group secured an agreement to acquire 4,450 acres for gold exploration in Chile.
"This is an important milestone in our business strategy," notes Eliron Yaron, Chairman of Shelron Group. "Following our recent efforts in Chile, where we signed an exploration agreement having estimated resources of gold in excess of 740,000 Oz , we are hoping to find equally viable business opportunities in Argentina."
About Shelron Group
Shelron Group, Inc. (OTC:SRNG) is a New York based mineral exploration and development company focused on acquisition, exploration, evaluation, and development of mineral resource properties in Africa and South America. The Company incorporated in Delaware and is headquartered in New York.
Additional information is available at http://www.Shelron-Group.com.
Safe Harbor Statement
There can be no assurance that a definitive agreement with any party will be executed on acceptable terms or at all. Additionally, even assuming acceptable terms are reached, there can be no assurance that the required conditions of such transactions would be met.
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives and other forward looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects," or similar terms, variations of such terms or the negative of such terms. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. A number of factors could cause our actual results to differ from anticipated results expressed in such forward-looking statements. Such factors are addressed in our filings with the Securities and Exchange Commission (available at http://www.sec.gov). Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein. We assume no obligation to update any forward-looking statements.