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Ignite Energy Resources Enters Into Heads of Agreement With Solid Energy New Zealand Ltd
May. 21, 2010 09:29AM PST
Oil and Gas InvestingKarmin Exploration Inc. (TSX VENTURE:KAR) reported it has been advised by Ignite Energy Resources Pty Ltd that Ignite has entered into a binding heads of agreement with Solid Energy New Zealand Ltd that Ignite expects to lead to a licensing agreement between the two parties.
Karmin Exploration Inc. (TSX VENTURE:KAR) reported it has been advised by Ignite Energy Resources Pty Ltd that Ignite has entered into a binding heads of agreement with Solid Energy New Zealand Ltd that Ignite expects to lead to a licensing agreement between the two parties.
The press release is quoted as saying:
The common shares of Karmin are listed on the TSXV and trade under the symbol “KAR”. The principal business of Karmin is to acquire and explore resource properties. Karmin’s main project is located at Aripuanã, Brazil. Karmin owns 30% of the Aripuanã zinc project, one of the largest undeveloped zinc projects in Brazil. Aripuanã covers a complete mineralized massive sulphide district, with five areas of mineralization (Arex, Ambrex, Babacu, Massaranduba and Mocoto) over a 25 kilometre strike length.
Click here to access the entire press release