March 5, 2014
-- Amalgamated Gold and Silver Inc. (OTC Markets: BCHS) is a Miami based, junior resource company focused on the exploration, development and production of mineral resources in Mexico and South America. The Company is actively engaged in the exploration and production of its mineral concession.
The company announced the Results of Their Visit With Their Geologists to the St Anthony Mine in Bolivi. Dr. Chris Wilson, the Managing Director and Principal Geologist of Exploration Alliance was pleased with the results achieved at the St Anthony Mine of Turriri. A report will be submitted later this month to confirm findings.
Mr. Almero Bourbon, VP of Mining in Latin America was once again impressed with especially the Antimony mining potential in Bolivia. Bolivia is a country with vast untapped resources in the minor metals as well as the precious metals field. During the trip another Antimony mine asset that is in the process of being acquired was visited and the initial results shows massive potential, complementing the current investments going forward.
"The global antimony market is experiencing a major shake up with the imminent lowering of production out of China. Independent reports that the biggest Chinese Antimony producing areas are close to the end of life of mine and the closure of many high deleterious minerals containing Antimony mines throughout China is going to lead to the rapid increase in demand and value of one of the three most strategic resources in the world market, AntimonyPrices in excess of USD25,000.00 per metric ton is a definite reality in the foreseeable future. That is the reason that executive management of AGS are seriously expanding their interests in this valuable minor metals asset, Antimony," says Mr. Almero Bourbon.
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