Cuervo Resources Inc.(CNSX:FE,FSE:CRR) announced that it has reached a three year agreement with the community of Misanapata. The Misanapata community’s lands cover 80% of the Company’s Bob 1 anomaly. Cuervo also announced that it currently has 37,684,750 outstanding shares.
As quoted in the press release:
The Bob 1 anomaly is one of the Company’s two, 1- billion tonnes iron ore targets outlined by geophysical exploration. The Company plans to release a letter to shareholder to explain activities and goals before the end of January.
Cuervo is focused on the exploration for iron ore in Peru and currently holds a 100% interest in over 20,000 ha of prospective mineral exploration lands in that country through its wholly owned subsidiary, Minera Cuervo S.A.C. The focus of exploration work has been, for the past five years, the Company’s Cerro Ccopane property located 65 km south of Cuzco (600 km southeast of Lima).