PLANTATION, Fla., Aug. 28, 2012 \/PRNewswire-iReach\/ -- BG Capital Group, a venture capital and private equity firm with offices in South Florida, has announced an interest and investment in Liberty Silver Corp. (TSX: LSL, OTCBB:LBSV), an advanced stage junior silver mining company with potential resources of 120m silver equivalent ounces. <\/p>\n
\"We are confident that this newly discovered deposit located in the United States will yield a substantial supply of silver,\" said Bobby Genovese, CEO of BG Capital Group. \"We anticipate a growing increase in the value of silver and prospect of this project given the limited supply in areas that can be safely mined.\" <\/p>\n
The revival of this US supply source is good news for investors - and the national economy - as this project has the potential to not only provide a safe location to produce but it is also expected to create more jobs. Today, silver production comes primarily from other countries that face challenges including violence and localized uprisings that have put mining to halts. <\/p>\n
Liberty currently oversees approximately 24 million inferred ounces of silver equivalent resources located 23 miles from the renowned Coeur Rochester silver mine, known as the \"Trinity\" project, with an opportunity to become a low-cost, large-scale operation given the existing open pit mine on the property that produced 5m silver ounces in the late 1980s. <\/p>\n
Historical drilling and production data, recent surveys and drilling results, as well as BG Capital's independent research reveals the property has potential resources of approximately 120m silver equivalent ounces between the Trinity property and the adjacent Hi Ho silver property of which Liberty recently entered into a mineral rights agreement with. <\/p>\n
Liberty Silver Corp is an advanced stage junior mining company focused on developing its flagship property - the Trinity Silver Project - comprised of 10,600 acres including 5,700 acres of fee land and 240 unpatented mining claims. The Trinity property, previously mined and operated by US Borax, produced 5 million ounces of silver from 1.1 million tons of ore from its open pit oxide resource from 1987 to 1989; mining ceased when sulfide mineralization was encountered in the bottom of the pit and metal prices were too low to support mining the sulfide resource. <\/p>\n
The Trinity Silver Project is located 25 miles northwest of Lovelock, Nevada (Pershing County) and shares its geographical location with major gold and silver producers including one of the largest silver mines in the United States, the Coeur Rochester silver mine, which produced 125 million ounces of silver from 1986 to 2010 and has an estimated 120 million silver ounces in reserves. The Company holds the right to earn a 70% interest in the Trinity Project from Renaissance Gold (REN.TO). <\/p>\n
BG Capital Group is a venture capital and private equity firm that offers more than 20 years of investor relations experience, in-depth marketing and financial management. For more information, visit http:\/\/www.bgcapitalgroup.com<\/a>. <\/p>\n Media Contact: Stephanie Moore Profile Marketing & Public Relations, 5613061944, smoore@profilemarkpr.com<\/a> <\/p>\n News distributed by PR Newswire iReach: https:\/\/ireach.prnewswire.com<\/a> <\/p>\n<\/p>\n Continue reading here:<\/p>\n BG Capital Group Taps into Liberty Silver Corp. Amidst forecast of "silver rush"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" PLANTATION, Fla., Aug. 28, 2012 \/PRNewswire-iReach\/ -- BG Capital Group, a venture capital and private equity firm with offices in South Florida, has announced an interest and investment in Liberty Silver Corp. Continue reading