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Caldera Resources Inc. (CVE:CDR) reports that drilling has began on the Marjan gold-silver project, Armenia. The press release is quoted as saying: This initial part of the program was designed to test the projected southeastern extension of the vein system, in this lower and underexplored area of the project. Mr. Jim Steel MBA, P.Geo., Caldera’s VP Exploration […]
Caldera Resources Inc. (TSXV:CDR) reports that drilling has began on the Marjan gold-silver project, Armenia.
The press release is quoted as saying:
This initial part of the program was designed to test the projected southeastern extension of the vein system, in this lower and underexplored area of the project. Mr. Jim Steel MBA, P.Geo., Caldera’s VP Exploration and Development and Qualified Person, is on site and has supervised core logging and sample preparation for shipment to Activation Laboratories, Ancaster, Ontario, for analysis.
Caldera’s President and CEO, Bill Mavridis says:
“We continue to work towards the success of our Joint Venture and maintain our rights and privileges therein. Caldera has followed the spirit and the terms of our agreement with Global Gold and will continue to do so. As per our rights, we anticipate to acquire 100% of the Project, in the near future. We are presently working with the Office of the Minister of Energy and Natural Resource to settle any and all issues related to the Warning Notice issued on October 13, 2010. We have confidence that this will be resolved very shortly.”
Click here to access the entire press release.