Cerro Resources NL: Espiritu Santo Jalisco Project TSX-V Approval
(firmenpresse) - LONGUEUIL, QUEBEC -- (Marketwire) -- 11/14/11 -- Cerro Resources NL (ASX: CJO)(TSX VENTURE: CJO) is pleased to advise that the TSX Venture Exchange has accepted the transaction whereby the Company, through its wholly owned Mexican subsidiary, secured exploration rights and obtained an option to acquire 100% of the Espiritu Santo gold/silver project in the Mascota-Navidad Mining District in Jalisco State, near the western coast of central Mexico, as announced on October 7, 2011.
The Company has issued 1,500,000 options in accordance with the acquisition announcement. The Company wishes to clarify that these options are finder's warrants for Canadian purposes. Each finder warrant is exercisable into one common share of Cerro at A$0.20 for a period of three years.
About Cerro Resources
Cerro Resources is a precious and base metals exploration and development company. The Company is currently focused on Mexico where it is developing the Cerro del Gallo gold/silver project in the central state of Guanajuato, Mexico, actively exploring the Namiquipa silver project in northern Mexico, and commencing exploration on the Espiritu Santo gold/silver project in Jalisco. It also maintains an active working focus on the Mt Isa, Queensland, region where it is exploring the Mt Philp haematite project and it holds an interest in the Kalman molybdenum, rhenium, and copper project.
Additional information about the Company is available on the Company's website at and on SEDAR.
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:
Cerro Resources NL
Tony McDonald, Managing Director & CEO
+61 7 3252 0122
Cerro Resources NL
Craig McPherson, CFO & Company Secretary
+61 7 3252 0122
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Datum: 14.11.2011 - 15:08 Uhr
Sprache: Deutsch
News-ID 87531
Anzahl Zeichen: 0
contact information:
Town:
LONGUEUIL, QUEBEC
Kategorie:
Mining & Metals
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