Ginguro Provides Update on El Alto Drilling in Chile

- October 17th, 2011

Ginguro Exploration Inc. (TSXV:GEG) provided an update on the ongoing drilling program at the iron oxide-copper-gold property in Chile.

Ginguro Exploration Inc. (TSXV:GEG) provided an update on the ongoing drilling program at the iron oxide-copper-gold property (IOCG) in Chile.

As quoted in the press release:

In early October, senior management of both Ginguro Exploration Inc. and Canadian Continental Exploration Corp. visited the El Alto property to review current progress and examine drill core. Following the site visit, Ginguro has been advised that Canadian Continental intends to expedite expenditures required to vest its ownership interest in El Alto, subject to financing.

Canadian Continental’s CEO, Tom Obradovich commented that “El Alto is our foundational asset. El Alto displays all the important geological characteristics in common with Chile’s world class IOCG deposits. There is no doubt the current exploration program is advancing the project. Therefore, we want to accelerate our earn-in, as this is the best way to maximize value of Canadian Continental.”

Click here to read the Ginguro Exploration Inc. (TSXV:GEG) press release

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