Rio Silver Receives Letter of Termination Regarding Optioning Niñobamba

Rio Silver Inc. (TSXV:RYO) announced that it has received notice of termination to option its 100 percent-owned Niñobamba silver and gold project in Peru.

As quoted in the press release:

The party to the agreement has indicated that it intends to remain focused on its current exploration financial commitments and will not be opening a Peruvian mining and exploration office at this time. Rio Silver has received the non-refundable payment of US$100,000 that was required under the terms of the agreement to be paid upon the signing of the letter of intent.

To view the whole press release, click here.