July 15, 2008
Brownstone Completes Earn in of “LS Grande” Gold/Silver/Copper Property, Comments on Approval of “Phase One” Plan
BROWNSTONE RESOURCES INC. (PINKSHEETS: BWNR) is pleased to announce that the company has completed their option payments to date as required for the earn in portion of the "LS Grande" gold/silver/copper property, located in NE Arizona.
Additionally, Brownstone has received the "Phase One" development plan for the LS Grande, and is in the process of reviewing the plan for approval. Management anticipates final approval of the plan within the next few days.
"We are really excited about the prospects of the LS Grande property, the potential of the project and the effectiveness of the plan to deliver the results we are after. We have completed some limited ground geophysics, and collected surface samples for assaying... now we are going to proceed with putting a few holes down and, in due course, move forward with the completion of phase one," said Ken Lamb, Brownstone Resources Inc.
Phase One is proposed to include a limited drill program to further test the zone at depth, along with core sampling and assaying, followed by additional prospecting, claim staking, and more surface sampling.
Brownstone will announce a start date for commencement of work once the plan has been approved.
Brownstone is a gold exploration company focused on creating value for shareholders by exploring and developing high-grade gold mining properties. Details of Brownstones projects are available on the Company's website at www.brownstoneresources.com.
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may,""should,""expects,""plans,""anticipates,""believes,""estimates,""predicts,""potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein.
Contact: Investor Relations Brownstone Resources Inc. 866-365-4724
SOURCE: Brownstone Resources Inc.