Secure Runway Systems Announces Letter of Intent for Ontario GoldProperty
TORONTO--(Marketwire - March 11, 2010) - Secure Runway Systems (PINKSHEETS: SRWY) ispleased to announce that it has entered into a Letter of Intent datedMarch 10, 2010 with International Explorers and Prospectors Inc. andExplorers Alliance Corp., which are both private companies.
SRWY has signed a letter of intent to acquire 15 miningclaims situated in Northern Ontario near the Town of Temagami, Ontario.The mining claims were previously owned by Delhi Gold Mines Ltd. Theproperty is situated in Delhi Township, District of Sudbury.
Edward Minnema, President of SRWY states that the propertyhas had some historic work performed, including an existing audit in1951. Previous sampling includes gold grading of .41 Oz. / ton, silvergrading of 25 oz./ton, and 19% lead.
We are very excited to be dealing with InternationalExplorers and Prospectors Inc. and Explorers Alliance Corp., to reach amutually beneficial definitive agreement in the near future. We believethat this will be the first of many prospective mining properties to beadded to our company's mining portfolio. The company expects the letterof intent to be formalized by a definitive agreement within the next 10days.
About Secure Runway Systems Corp.
Secure Runway Systems plans to add to the Company a diverserange of business ventures which will appeal to a broad audience so theCompany will grow together with those different sectors of the economy.The company is currently investigating various business venturesincluding those in the retail and mining exploration sectors of theeconomy.
Safe Harbour Statement:
This release contains "forward-looking statements" within themeaning of Section 27A of the Securities Act of 1933, as amended, andSection 21E of the Securities Exchange Act of 1934, as amended, and suchforward-looking statements are made pursuant to the safe harbourprovisions of the Private Securities Litigation Reform Act of 1995."Forward-looking statements" describe future expectations, plans,results, or strategies and are generally preceded by words such as"may," "future," "plan," or planned, "will" or "should," "expected,""anticipates," "draft," "eventually" or "projected." You are cautionedthat such statements are subject to a multitude of risks anduncertainties that could cause future circumstances, events, or resultsto differ materially from those projected in the forward-lookingstatements, including the risks that actual results may differmaterially from those projected in the forward-looking statements.Clickhere to see all recent news fr