VHGI Holdings, Inc. (OTC Bulletin Board: VHGI) and VHGI Gold LLC, its wholly-owned operating subsidiary, announced today that they have begun phase one for their Sun Gold Project between Prescott and Mayer, AZ U.S.A.
“We recently completed an initial surface sampling of areas within the Sun Gold claims with surprising results,” said Mr. Eric Leonetti, Vice President / COO of VHGI Gold. Mr. Leonetti added, “These results show the potential for additional resources beyond the presence of gold that we hope to exploit within the mining process.”
VHGI Gold is currently finalizing its exploration plans for these claims, which will now include a more complex exploration operation in order to better understand the initial findings with the purpose of proving out these potential unforeseen resources.
Mr. Jim Renfro, President of VHGI Gold added, “We found the result of this initial sampling to be exciting and hope that the new planned exploration will allow us to better prove the resources.”
Phase one includes the on-going acquisition of key personnel in order to round out the operational team. Further plans within this phase are to include the potential of enlarging the current claims group and to perform further geophysical surveys with the goal of expediting the mine operational plans.
About VHGI and VHGI Gold
VHGI is a diverse company with assets and interests focusing on opportunities within the Healthcare Technology Industry and Precious Metals Markets. VHGI Gold, a wholly owned subsidiary of VHGI has recently initiated steps to leverage the company’s operating history and corporate resources within the Gold Mining Industry and intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures.
“Safe Harbor” Statement:
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