VANCOUVER, British Columbia, Dec. 23, 2013 (GLOBE NEWSWIRE) -- Laredo Resources Corp. (OTCQB:LRDR) (Laredo) President, Robert Gardner, is pleased to report that the initial deliveries of previously mined material from the Pony Mountain Property are currently being sent to a nearby processing facility. The total material now assembled and stock piled at the staging base of the Pony Mountain property is approximated 7,000 tons. Stock piling has enabled delivery over the winter months. The material is currently being screened and in part crushed. The stock pile was recently assembled from previously mined material dumps located on the Pony Mountain property. Access to the Pony Mountain dumps to replenish the stock piled material will recommence in the Spring of 2014 once the weather and thaw conditions allow. The objective is to adapt the process for year round delivery and to enable the stock piling location at the Pony Mountain property to contain sufficient material for winter long delivery.
Robert Gardner states "It has taken a long time to finally reach this juncture after considerable investment, planning and on site preparation. We plan to run three trucks on several round trips daily for twenty days a month, in order to maximize the efficiency of winter snow removal. This means the present stock pile should last into March of 2014, and will be replenished when spring conditions allow access to higher altitudes. Currently preliminary discussions at a committee stage are underway with Olie Inc. (OTCQB:OLIE), in which I am also President, to become an active partner with Laredo in order to assist with its ongoing financial obligations. It is important from a business and financial perspective to start maximizing the potential of the Pony Mountain property."
Safe Harbor Statement:
This release may include "forward looking statements" within the meaning of Section 27 A of the Securities Act 1933 as amended, and Section 21 E and /or 27 E of the Securities Exchange Act of 1934, that are based on assumptions that in the future are inherently uncertain, may prove not to be accurate, and are subject to significant risks and uncertainties. These include, but are not limited to statements as to the future performance of the company, its ability to raise necessary financing, and other general economic risks and uncertainties.
Robert C. Gardner, President 604 669-9000 www.laredoresources.com
Laredo Resources Corp.
Vancouver, British Columbia, CANADA
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