BELLINGHAM, Wash., Sept. 18, 2012 /PRNewswire/ -- Pengram
Corporation (Symbol: PNGM, (the "Company") issued the following
update today on the title status of its mineral properties.
Pengram holds three mineral properties:
- The Clisbako Property consisting of ten contiguous mineral
claims covering an area of approximately 3,388 hectares located in
the Interior Plateau Region of north central British
Columbia. Pengram has entered into an agreement to option the
property to Manado Gold Corp. which is completing significant
exploration programs on the Clisbako Property. The property
is currently in good standing with the British Columbia Ministry of
Mines until November 30, 2014
- The Fish Project consists of 58 unpatented claims covering 1.9
square miles located within the Walker Lane Belt, approximately 12
miles west of Tonopah,
Nevada. The Company has recently paid the advance royalties,
BLM fees and county filing fees with the result that the Property
is in good standing until August
2013.
- The Golden Snow Property is located in Eureka County, Nevada and is adjacent to
Timberline's Lookout Deposit. The property is under option to
Terrace Ventures Inc. Terrace has completed exploration work
this summer and has paid the advance royalties, BLM and county
filing fees so the property is in good standing until August 2013.
ABOUT PENGRAM CORP. (PNGM) www.pengramgold.com
Pengram Corp. (PNGM) is an exploration-stage company. The
Company is engaged in the acquisition and exploration of properties
to search for gold mineralization in Canada and the
United States. In Nevada,
Pengram controls 216 claims covering approximately
4,350. In Canada, PNGM
controls 8,372 acres in the Cariboo Mining District that has
historically produced more than 3.8 million counces of gold.
Forward Looking Statement
Statements in this news release that are not historical facts
are forward-looking statements that are subject to risks and
uncertainties. Words such as "expects," "intends," "plans," "may,"
"could," "should," "anticipates," "likely," "believes" and words of
similar import also identify forward-looking statements.
Forward-looking statements are based on current facts and analyses
and other information that are based on forecasts of future
results, estimates of amounts not yet determined and assumptions of
management. The statements regarding financing in this news release
are forward-looking statements. Such statements are based on
current expectations. Actual results could vary materially from the
description contained herein due to many risk factors, in
particular, there is no assurance that Pengram's creditors will
accept the Notes or that Pengram will be able to sell the Notes
Offering to investors. The forward-looking statements
contained in this news release speak only as of the date on which
they are made, and Pengram does not undertake any obligation to
update any forward-looking statement to reflect events or
circumstances after the date of this press release.
Investor Contact:
Tel: 1.877.225.8808
info@CapitolFinancialMedia.com
SOURCE Pengram Corporation
