PALM CITY, Fla., June 30, 2011 /PRNewswire/ -- Greenwood Gold Resources Inc (OTCBB-GGRI)
Greenwood Gold Resources Inc. (OTCBB: GGRI) announces preliminary plans for preparation of the Summer Property exploration work program, which would fulfill the requirement for undertaking a $350,000 work program on the Summer Property, according to the terms of the Company's option agreement.
The proposed work program will include geological mapping, geochemical surveying, geophysical surveying, prospecting, trenching and drilling on the property, located in British Columbia, Canada in the prolific Quesnel Trough area.
Various parts of the Properties have been explored by a number of companies in the 1980s and 1990s.
Royal Canadian Ventures explored the ground from 1968 to 1971, and Guichon Explorco conducted geochemical and geophysical surveys from 1982-1983. In 1994 GWR Resources staked the ground and conducted geological mapping, soil sampling, a ground IP and magnetic survey, and a 12-hole 1,549 meter diamond drill program.
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Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
About Greenwood Gold Resources Ltd. ...
Greenwood Gold Resources, Inc. ("GGRI") is a Company focused on acquiring, developing and joint venturing with other junior or major gold mining companies with properties within North America. GGRI has developed a set strategy to acquiring gold mining properties following several key investment criteria.
It will look for assets ranging from grass roots exploration to near production. GGRI will look to have a balanced portfolio of properties across this spectrum so as to maximize returns while also mitigating risk.
On Behalf of the Board of Greenwood Gold Resources Ltd.
Contact us:
Greenwood Gold Resources Ltd.
4285 SW Martin Highway,
Palm City, FL
34990
772-288-2775
info@greenwoodgoldresources.com
For information please visit our website:
www.greenwoodgoldresources.com
SOURCE Greenwood Gold Resources Ltd.
