23 Oct 2013 07:51
Red Leopard Holdings PLC
23 October 2013
Red Leopard Holdings Plc
("Red Leopard", the "Group" or the "Company")
Change of Registered Office and Positive site visit at Idaho property for reopening of Idora Tunnel
The Company advises that it has changed its registered office address with immediate effect to:
1st Floor, 50 Jermyn St, London, SW1Y 6LX.
Furthermore, following the recent acquisition of Red Leopard Mining Inc ("RLM"), the Company is pleased to announce that following previous site visits made earlier in the year by RLM management, it has prepared an initial plan of operations and completed a subsequent site visit where RLM management was accompanied by officials from the U.S. Bureau of Land Management ("BLM") to the Idora mine tunnel site to begin the review of the plan proposed by the Company to reopen the Idora Tunnel for purposes of exploration.
In summary, in the view of RLM management, no impediments to a reopening of the mine tunnel were encountered and, during the course of the visit, the BLM made certain recommendations in respect of the plan of operations. The Company is now preparing a detailed written plan of operations which will be delivered to the BLM for review and comment shortly. Whilst the Company cannot predict with certainty the ultimate timing or actual approval of such Plan of Operations, RLM management remains confident that approval will be obtained.
The Idora Tunnel and associated mining claims are located in the vicinity of Shoshone County, Idaho, USA, commonly referred to as "Silver Valley". This area is well known as the premier silver district in North America, with total production to date of around 1.2 billion ounces of silver and substantial lead, zinc, copper and gold. Most of the Claims, which cover a total land area of approximately 1,435 hectares (the equivalent to 3,546 acres), lie within the Panhandle National Forest and upon Bureau of Land Management land.
Enquiries:
Red Leopard Holdings PLC
John May, Chairman Tel: +44 (0) 207 917 6826
Northland Capital Partners Limited
Luke Cairns / Lauren Kettle Tel: +44 (0) 207 796 8800
Beaufort Securities Limited
Guy Wheatley Tel: +44 (0) 207 382 8300
Note:
The information in this release has been compiled and reviewed by Mr. Gregory Schifrin of Minex Exploration who is a qualified person for the purposes of the AIM Note for Mining and Oil & Gas Companies dated June 2009. Mr Schifrin is a Registered Geologist, State of Washington #2146 and is also a Professional Member of the Society of Mining, Metallurgy and Exploration (SME) #4053449.