ABOT Mining Co. acquires Gold and Silver Property in Mexico

19 December 2011: ABOT Mining (Pink Sheets:ABOT.pk) announced today that it has formulated an agreement with Rising Star S.A. de C.V., a Mexican Corporation, to acquire 50.00 per cent equity interest in its Mexican mineral property .

The Aztlan 8B Project is located in the State of Nayarit in the Tecuala Mining District on the west coast of Mexico. The claim covers 300 plus acres, and is within a few kilometers of the pueblo 'Paulo Blanco'. The Tecuala Mining District is considered a widely mineralized area and identified as a major deposit of gold and other minerals. The area around the Aztlan 8B has been extensively explored and is currently being mined by several known junior mining companies and geological institutions. Mexico has a rich mining history of almost 500 years which preceded the arrival of the Spaniards in 1500s. However, since 1995, mining exploration has become increasingly attractive for foreign investors due to the creation and amendment of the applicable legal framework including the North American Free Trade Agreement and implementation of mining laws and environmental regulations that are favorable to mining exploration, development and production.

Source: Yourindustrynews