Micron Enviro Systems, Inc. ("Micron" or the “Company”) has recently submitted additional coal permits in east central Saskatchewan, Canada. This acreage is in close proximity to a recent new coal discovery made by Goldsource Mines Inc. Micron has previously submitted coal claims in close proximity to Goldsource Mines Inc, and has received a letter of comfort in regards to those claims. The letter of comfort indicates that Micron has priority in regards to the previously applied for coal permits. There are no guarantees that any of these proposed permits will be awarded to Micron.
Bradley Rudman, president of Micron stated, “We are continuing to try to build a sizable block of prospective coal property in close proximity to Goldsource Mines Inc. Goldsource shares have now risen from $0.30 to $9.05 in the past few weeks since announcing this potential new coal deposit. Micron was able to be one of the first to stake land shortly after the Goldsource discovery and now we are attempting to increase this land position. When you factor in the letter of comfort received by the Company from the Saskatchewan Ministry of Energy and Resources establishing Micron with priority over the lands permitted, clearly this new area of exploration is a potential growth driver for the Company going forward. This new coal focus is in conjunction with our significant land holdings in the Alberta Oil Sands. We are also expecting to have some additional information in regards to the Oil Sands assets in the near future.”
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