Prominex Resource Corp.: Newfoundland Exploration Plans
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/12/11 -- Prominex Resource Corp. (TSX VENTURE: PXR) is pleased to announce that the summer/fall exploration program on its Tulks Hill volcanogenic massive sulphide (VMS) project located in central Newfoundland, will commence on August 29th, 2011. Prominex is the operator of the Tulks Hill Project with a 51% interest in a joint venture with Buchans Mineral Corporation which holds the remaining 49% interest.
In accordance with the terms of the joint venture agreement, Buchans Minerals Corporation has notified the Company that it will not be participating in this year's exploration program and will dilute its interest, which may be approximately 10% upon completion of the $500,000 program planned for 2011.
The 2011 exploration program will consist of prospecting and surface evaluation in areas identified in the 2006 exploration program and a 2,800 metre diamond drilling program.
The objectives of drilling program are to:
Technical content of this press release has been reviewed by Mr. Hrayr Agnerian, P.Geo., who is a "qualified person" as set out in the definitions of National Instrument 43-101 ("NI 43-101"). Mr Agnerian is the Project Manager and is responsible for the planning and supervising of the drilling program.
ON BEHALF OF THE BOARD
Gordon Barron, President and CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Prominex Resource Corp.
Gordon Barron
President and CEO
1.604.566.1094
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 12.08.2011 - 13:00 Uhr
Sprache: Deutsch
News-ID 45651
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 180 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Prominex Resource Corp.: Newfoundland Exploration Plans"
steht unter der journalistisch-redaktionellen Verantwortung von
Prominex Resource Corp. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
