Arco Resources Corp.: Argentum Option Update
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/29/12 -- Arco Resources Corp. (TSX VENTURE: ARR) ("Arco" or the "Company") announces that based on the recommendation of the board of directors of Argentum Silver Corp. (TSX VENTURE: ASL), the optionee of Arco's Lachiguiri, Silacayoapan and Nino Perdido properties located in Oaxaca, Mexico, Arco filed with the General Direction of Mines in Mexico to reduce the size of the Silacayoapan claim from 20,788 hectares to 3,475 hectares. Further, Arco's land team determined that it will not renew the claims comprising the Nino Perdido property after discussions regarding Argentum's decision to drop the claims from the option agreement between Arco and Argentum.
About Arco Resources
Arco holds a 100% interest in seven mineral claim blocks, all located in the State of Oaxaca, Mexico. The Company is focusing its efforts on its Taviche, Tres Hermanas and La Luna claim blocks, each of which has had historical production of gold and silver. The Companies future exploration plans include its Predilecta and Cuatro Venados properties. The Company has optioned its Lachiguiri, and Silacayoapan properties to Argentum Silver Corp. For further information on the Company please go to . Follow Arco on Facebook.
On behalf of the Board of Directors of Arco Resources Corp.
Warren McIntyre, President and Chief Executive Officer, Arco Resources Corp.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Arco Resources Corp.
Ian Tootill
Director of Investor Relations
604.639.2866 ext. 110
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Datum: 29.03.2012 - 13:28 Uhr
Sprache: Deutsch
News-ID 129908
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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