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Olivut Resources Ltd. Announces Signing of A Definitive Option Agreement
Jul. 06, 2011 08:05AM PST
Diamond InvestingOlivut Resources Ltd. (CVE:OLV) reports it has an agreement with Latin American Minerals Inc. (CVE:LAT) to explore a diamond project.
Olivut Resources Ltd. (TSXV:OLV) reports it has an agreement with Latin American Minerals Inc. (TSXV:LAT) to explore a diamond project.
The press release is quoted as saying,
Pursuant to the terms of the Definitive Agreement, Olivut has the option to earn 50% of the Itapoty Diamond Project by incurring CDN$250,000 in expenses related to the property in the first 12 months and an additional CDN$750,000 in the following 18 months. Olivut will be the operator of the project. Work will begin immediately to evaluate the potential of the Itapoty Diamond Project.
For the complete press release, click here.Â
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