Jiulian Receives Initial Payment for Big Kidd
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/05/11 -- Further to the news release dated October 18, 2011 Jiulian Resources Inc. ("Jiulian") (TSX VENTURE: JLR) is pleased to announce that, pursuant to a bulletin dated November 2, 2011, Jiulian has received final TSX Venture Exchange approval of the option agreement with Xstrata Copper Canada, a business unit of Xstrata Canada Corporation, ("Xstrata") allowing Xstrata the option to earn up to a 75% interest in Jiulian's Big Kidd property, located in the Quesnel Trough region of southern British Columbia.
Pursuant to the terms of the agreement, Xstrata has made the first payment to Jiulian in the amount of $25,000 toward exercising the option. Jiulian has also signed a letter of authorization permitting Xstrata to obtain work permits for the claims comprising the property.
"We are extremely pleased to see this project progressing as planned and continue to seek out additional projects that complement our business objectives," says Charlie Cheng, Jiulian's CEO.
About Jiulian Resources Inc.
Jiulian is a publicly traded mineral exploration company (TSX VENTURE: JLR) involved in the acquisition, exploration and development of mineral properties that have potential for containing minerals having high market demand. For a more complete business and financial profile of Jiulian, interested parties are encouraged to visit Jiulian's website, .
ON BEHALF OF THE BOARD OF DIRECTORS OF JIULIAN RESOURCES INC.
X. Charlie Cheng, Chief Executive Officer, Director
All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the potential extent of mineralization and reserves, exploration results and future plans and objectives of Jiulian. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof, and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results 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 are expressly qualified in their entirety by this notice. Jiluian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
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:
Jiulian Resources Inc.
X. Charlie Cheng
Chief Executive Officer and Director of the Company
604-639-4418
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Datum: 05.12.2011 - 14:25 Uhr
Sprache: Deutsch
News-ID 93960
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contact information:
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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