GOLD BAG SIGNS AGREEMENT TO ACQUIRE HIGH GRADE GOLD MINE IN MEXICOGold Bag Signs Agreement • November 19th, 2010 • Gold Bag, Inc. • Real estate agents & managers (for others)
NOVEMBER 17, 2010, Reno, NV, Gold Bag Inc. (OTC:GBGI) and its new wholly owned subsidiary, Focus Gold Mexico Corp. (“FGM”), have signed a definitive agreement to acquire Fairfields Gold S.A. de CV (“Fairfields”), a private Mexican corporation. Fairfields holds an option to acquire 100% of the Huicicila Gold Mine (the “Project”) in Nayarit, Mexico. The Huicicila project is a high grade gold-silver mesothermal vein system with strong possibilities to become a large high grade ore deposit. The Project is located 25 kilometres southeast of Tepic and 10 kilometeres northwest of Compostela in the State of Nayarit and was historically mined by Asarco into the 1930’s. The Project is covered by five mining claims with a surface area of 1,012 hectares. At present, at least 9 veins are known within the property, with only one being explored recently, namely the Miravalles vein.
