Canadian Orebodies:Acquires Interest in Zigzag Property

- March 5th, 2010

Canadian Orebodies Inc. (TSX VENTURE:CO) reported that the company has entered into an Option Agreement with Ultra Lithium Inc. and the underlying property owners to acquire an 80% legal and beneficial interest (subject to a 2% NSR retained by the Owners, 50% of which can be purchased by Orebodies for $1,000,000) in the Zigzag Lithium, Tantalum, Beryllium, Gallium property.

Canadian Orebodies Inc. (TSX VENTURE:CO) reported that the company has entered into an Option Agreement with Ultra Lithium Inc. and the underlying property owners to acquire an 80% legal and beneficial interest (subject to a 2% NSR retained by the Owners, 50% of which can be purchased by Orebodies for $1,000,000) in the Zigzag Lithium, Tantalum, Beryllium, Gallium property.

The press release is quoted as saying:

The Property is tied directly onto Linear Metals Corp. (TSX:LRM) Seymour Lake Lithium/Tantalum/Beryllium property and is in the general area of Orebodies’ Falcon and Despard Lithium properties.

Click here to access the entire press release

Click here to access Canadian Orebodies Corporate Site

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