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Sillenger Signs Mineral and Hydrocarbon Exploration Contract With Government of Equatorial Guinea
Jun. 02, 2010 10:38AM PST
Battery MetalsSillenger Exploration Corp. (OTCQB:SLGX)(OTCBB:SLGX), reported that, through its relationship with FCMI Global Inc. and its African affiliates, Sillenger has entered into a contract with the Government of the Republic of Equatorial Guinea to conduct an airborne geophysical survey of the continental region (27,000 sq. km) of Equatorial Guinea, known as Rio Muni, as well as 30 km of Continental Platform (4,500 sq. km) off the Atlantic coastline.
Sillenger Exploration Corp. (OTCQB:SLGX)(OTCBB:SLGX), reported that, through its relationship with FCMI Global Inc. and its African affiliates, Sillenger has entered into a contract with the Government of the Republic of Equatorial Guinea to conduct an airborne geophysical survey of the continental region (27,000 sq. km) of Equatorial Guinea, known as Rio Muni, as well as 30 km of Continental Platform (4,500 sq. km) off the Atlantic coastline.
The press release is quoted as saying:
The Company believes there is a strong indication that the Republic of Equatorial Guinea, which is a major offshore oil producer, is potentially rich with gold, diamonds, and other precious resources. The West Africa region hosts a number of major base metals mines extracting copper, zinc, bauxite, and iron ore. Recent exploration activity has led to the discovery of rare element strategic minerals such as uranium, tantalum, gallium and lithium.
Click here to access the entire press release