MIAMI, FL, May 11 /PRNewswire-FirstCall/ - Beeston Enterprises Ltd. ('Beeston") (OTC-BB:BESE) a resource base company engaged in the acquisition, exploration and development of mineral properties, in a move to expand its current activities, announces that it will pursue a separate program focused on acquiring gold and silver royalty interests to complement its ongoing exploration and development of mineral properties. Beeston plans to create a portfolio of precious metals royalty interests, whose properties are in various stages of development, in and around the famous Comstock Lode Mining District in Nevada.
The company is in the process of developing a website relating solely to this newest endeavor, which will be a separate undertaking of the company, and has initiated negotiations for royalty interests in addition to its ongoing pursuit of mineral properties for its exploration and development activities.
The Comstock Lode was the first major U.S. deposit of silver ore, discovered under what is now Virginia City on the eastern slope of Mt. Davidson, a peak in the Virginia Mountain range. After the discovery was made public in 1859, prospectors rushed to the area and scrambled to stake their claims. Mining camps soon thrived in the vicinity, which became bustling centers of fabulous wealth. Between 1859 and 1878, the Comstock Lode Mining District yielded about $400 million in silver and gold.
Beeston is a mineral exploration Company with extensive mineral tenures located in the Quesnel Trough area in Southern British Columbia. The Company is planning on conducting an exploration program on its Ruth Lake properties later this summer. The Company has also recently adopted plans to engage in the acquisition and management of precious metal royalty interests. The company will report on further developments as they become available.
ON BEHALF OF THE BOARD OF DIRECTORS of Beeston Enterprises Ltd. - Brian Smith
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.
|SOURCE Beeston Enterprises Ltd.|
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