THEMAC Advances US$850,000 for Exercise of Copper Flat Option

THEMAC Resources Group Limited (TSX VENTURE:MAC.H) reported that pursuant to the terms of the heads of agreement with Mercator Gold plc announced on 15 March 2010, US$850,000 was advanced on March 31, 2010 by the THEMAC to New Mexico Copper Corporation Inc to enable NMCC to make a payment due on March 31 in respect of the exercise of its option to acquire a 100% interest in the Copper Flat copper-gold-molybdenum-silver project in New Mexico, USA.

The press release is quoted as saying:

The Copper Flat deposit has historic resources of 50.21 million short tons at an average grade of 0.45% Cu, 0.1244 g/t Au, 2.053 g/t Ag and 0.015% Mo, based on a cut-off grade of 0.23% Cu. NMCC holds an option to acquire a 100% interest in Copper Flat by making a series of payments to the vendors, with the final payment to occur no later than 16 May 2011.

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