DGAP-News: Centor Inc. Elects to Exercise Option to Purchase ACHAA Gold Concession
(firmenpresse) - Centor Inc.
29.05.2013 15:00
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WINTERPARK, Fla., 2013-05-29 15:00 CEST (GLOBE NEWSWIRE) --
Centor, Inc. (OTCBB:CNTO) is pleased to announce that it has elected to
exercise its option and proceed with the purchase of the Achaa Mining gold
concession at Anyinaso ('Anyinaso Concession') in Ghana West Africa. The
Anyinaso Concession is located in the Ashanti Gold Belt and consists of
approximately 26.67 sq. km along the eastern margin of the Setwi Belt.
The Anyinaso Concession is approximately 30 km southeast of the Newmont mine at
Kenyasi with initial reconnaissance exploration work showing promising results
and warranting further testing. The option agreement allows the Company 6
months for initial testing. The Company is finalizing a new test program to
implement in the near future, which will include detailed soil sampling in
target areas between River Awontaso and Offin Shelterbelt Forest Reserve.
The location of the Anyinaso Concession at the northern section of the Safi
Belt and Western end of Kumasi basin makes it a very good potential area for
both structural contact as well as intrabasinal sediment gold mineralization.
Adjacent properties include the Jeni River Concession where Jeni River Gold
Mines recovered approximately 300,000 oz of gold from its alluvial operations
over 7 years, with much of the gold recovered also potentially being sourced
from hard rock of the Anyinaso Concession. Seven Km to the north of the
Anyinaso Concession is the Mpesetia deposit, where Ashanti-Bibini mined
approximately 100,000 oz of gold from an open pit operation. To the southeast
of Anyinaso there are four open pits minded over the past ten years by Resolute
Mines which produced a total of 30 million tons of 2.0 gm. Au. These
occurrences seem to all be in similar geology and structural setting as the
Anyinaso Concession.
The Company management expects to report further finding upon completion of the
next phase of testing. Given the size of the Anyinaso Concession and current
findings including the proximity and similarity to existing known high volume
gold producing mines the Company is optimistic that the Concession will be
productive affording shareholders long term revenues and growth.
The company's website is www.centorresources.com
FORWARD LOOKING STATEMENTS
Certain statements in this release, other than statements of historical fact,
may include forward-looking information that involves various risks and
uncertainties. There can be no assurance that such forward-looking statements
will prove to be accurate. Actual result and future events could differ
materially from those anticipated in such statements. These and all subsequent
written and oral forward-looking statements are based on the estimates and
opinions of management on the dates they are made and expressly qualified in
their entirety by this notice. The Company assumes no obligation to update
forward-looking statements should circumstances or management's estimates or
opinions change, other than as required pursuant to applicable securities laws.
CONTACT: Bradley Wilson, President and CEO
Centor Resources, Inc.
For further Information and
inquiries please call: 866-491-3128
News Source: NASDAQ OMX
29.05.2013 Dissemination of a Corporate News, transmitted by DGAP -
a companyof EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: Centor Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US15235M2052
WKN:
End of Announcement DGAP News-Service
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Datum: 29.05.2013 - 15:00 Uhr
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News-ID 264373
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