The Conversation (0)
Del Toro Silver Corp. (OTCBB:DTOR) announced they have signed a letter of intent with Mayo Gold Ltd. a private exploration company to acquire a fifty percent (50%) undivided interest in Mayo Gold’s San Marcial and Papago Properties in the Sonora State, Mexico.
Del Toro Silver Corp. (OTCBB:DTOR) announced they have signed a letter of intent with Mayo Gold Ltd. a private exploration company to acquire a fifty percent (50%) undivided interest in Mayo Gold’s San Marcial and Papago Properties in the Sonora State, Mexico.
The press release is quoted as saying:
The Property concessions total approximately 26,820 hectares in the Sonoran gold belt of which previous work completed include mapping, sampling, geochemistry and 1,500 meters of drilling. A Technical Report (NI 43-101 compliant) was completed in May, 2007 by Scott Wilson Roscoe Postle and Associates Inc. The Letter of Intent is for discussion purposes only and does not constitute a binding agreement or commitment of any nature between the parties. The Transaction will be subject in all respects to a fully executed Definitive Agreement on or before October 29th, 2010
Click here to access the entire press release