Cerro Resources Acquires Espiritu Santo Gold/Silver Project

- October 7th, 2011

Cerro Resources NL (ASX:CJO,TSXV:CJO) announced its acquisition of the Mexico-based Espiritu Santo gold/silver project.

Cerro Resources NL (ASX:CJO,TSXV:CJO) announced its acquisition of the Mexico-based Espiritu Santo gold/silver project.

As quoted in the press release:

Highlights

  • Exciting new gold/silver exploration project in a proven precious metal district;
  • Acquisition of 100%, 5,800 ha project interest via 4-year, $US4million total option payment schedule aligning expenditure with project advancement/de-risking;
  • Reconnaissance/initial target selection exploration to commence in October 2011;
  • Continues to broaden and deepen the Company’s precious metals project portfolio in Mexico, in line with the Company’s core strategic focus on Mexico.

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