A25 Gold Producers Announces Letter of Intent to Acquire the Red Elephant Property

A25 Gold Producers Corp. (ETR:ALQ) signs a letter of intent to acquire the Red Elephant gold property in the Slocan mining division of British Columbia, Canada.

The press release is quoted as saying:

The Red Elephant Gold Property is a confirmed gold deposit consisting of three Mineral Claims located in the Badshot Range of the Selkirk Mountains, 6.5 kilometres west of the Duncan River, on the North side of Hall Creek. Although this 100 year-old gold property remains greatly underexplored, diamond drill core samples taken in the late 1980′s confirm indicated resources of 35,000 ounces of gold; from 26,463 tonnes grading 40.8 grams per tonne gold.

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