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Caerus Resource Corp. Reports 41.6 Grams Per Tonne Gold, 136 Grams Per Tonne Silver and 1.87% Copper at El Cafatel-Acquisition
Sep. 07, 2010 04:14PM PST
Silver InvestingCaerus Resource Corporation (CVE:CA) reported it has advised Inversiones Midas Ltd. (hereinafter IML), a private Colombian corporation, that the Company intends to proceed with the 100% acquisition of the El Cafetál Mine, located in Valparaiso Municipality, Department of Antioquia, Republic of Colombia.
Caerus Resource Corporation (TSXV:CA) reported it has advised Inversiones Midas Ltd. (hereinafter IML), a private Colombian corporation, that the Company intends to proceed with the 100% acquisition of the El Cafetál Mine, located in Valparaiso Municipality, Department of Antioquia, Republic of Colombia.
The press release is quoted as saying:
During recent due diligence, the Company determined that a title issue existed between IML and a prior partner. IML has extended the previous Letter of Intent with the Company to allow time to clear the title on the project.
Click here to access the entire press release
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