DGAP-News: Monte Cristo Resources Limited: Monte Cristo Resources Retains Jervis Explorations
(firmenpresse) - DGAP-News: Monte Cristo Resources Limited / Key word(s): Miscellaneous
Monte Cristo Resources Limited: Monte Cristo Resources Retains Jervis
Explorations
13.03.2012 / 08:00
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Monte Cristo Resources Retains Jervis Explorations
March 13th, 2012 (EquityStory AG) - Monte Cristo Resources Limited
(MCD:FSE) ('Monte Cristo' or the 'Company') is pleased to report that the
Company has entered into an agreement with Jervis Explorations, Inc. to
conduct an extensive work program on the Bristol Gold Property, Monte
Cristo's gold and silver project which covers over 245 hectares on the
south shore of Carpenter Lake in the historic Bridge River Gold Camp of
central British Columbia. The Bridge River Gold Camp is host to over 70
mining operations including the Bralorne-Pioneer Mine, the largest gold
producer in British Columbia and the sixth largest gold producer in Canada
with total output of over 4,150,000 ounces of gold and more than 950,000
ounces of silver. The work program to be conducted by Jervis will focus on
construction of a control grid, geological mapping and rock sampling, a
soil and silt geochemical sampling program, geophysical surveys, and
trenching. Based on a compilation of these results, a diamond drill program
will be designed to explore and define the potential resources on the
Bristol Gold Property. Rodger Cowan, the President of Monte Cristo
Resources commented that, 'we are excited with the prospect of working with
Jervis Explorations in developing the Bristol Gold Property. Jervis has a
strong data base of its own and the local knowledge that we need to guide
Monte Cristo in this last work program required to gather the balance of
the data needed to identify the parameters of the drilling program that we
are planning for later in the summer. While we are confident in what we
have seen to date at Bristol, we recognize that the only way to prove
reserves is by the drill and, ultimately, the key to building shareholder
values is in proving up those reserves.'
About Monte Cristo Resources Limited
Monte Cristo Resources Limited ('Monte Cristo') was formed to identify
strong exploration or development projects in proven mining camps located
in areas of relative political stability. The management of Monte Cristo is
primarily focused on building reserves and utilizing positive cash flow to
internally finance the development of prospects on a basis that avoids the
undue issuances from treasury that impact negatively on earnings.
On behalf of the Board of Directors
Monte Cristo Resources Limited
Rodger J. Cowan, President
E-mail: info(at)montecristo.ca
Website: www.montecristo.ca
FORWARD-LOOKING STATEMENTS
Statements in this document which are not purely historical are
'forward-looking statements', including any statements regarding the
intent, belief or current expectations of Monte Cristo Resources Limited
and members of its management as well as the assumptions on which such
statements are based. Prospective investors are cautioned that such
forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, and that actual results may differ
materially from those contemplated by such forward-looking statements.
Forward looking statements are made based on management's beliefs,
estimates and opinions on the date the statements are made and the Company
undertakes no obligation to update forward-looking statements if these
beliefs, estimates and opinions or other circumstances should change,
except as updates may be required by applicable law. Such forward-looking
statements reflect our current views with respect to future events and are
subject to certain risks, uncertainties and assumptions. Although the
Company believes that the plans, expectations and intentions contained in
this news release are reasonable, there can be no assurance that those
plans, expectations or intentions will prove to be accurate. Investors
should consider all of the information provided in this press release
within the context of the caveat implied in this information with respect
to forward looking statements.
End of Corporate News
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