Source Enters Into Letter of Intent for Capricho Gold-Silver-Copper Property, Sinaloa, Mexico

- November 9th, 2011

Source Exploration Corp. (TSXV:SOP) announced that its 100% owned Mexican subsidiary Roca Verde Exploration de Mexico has entered into a Letter of Intent with Empresa Minera Caprice, JC, S.A. de C.V. (EMC) to enter into an option agreement to acquire EMC’s Capricho mineral exploration concessions located in Sinaloa, Mexico.

Source Exploration Corp. (TSXV:SOP) announced that its 100% owned Mexican subsidiary Roca Verde Exploration de Mexico has entered into a Letter of Intent with Empresa Minera Caprice, JC, S.A. de C.V. (EMC) to enter into an option agreement to acquire EMC’s Capricho mineral exploration concessions located in Sinaloa, Mexico.

As quoted in the press release:

The Capricho concessions are located in northeastern Sinaloa, Mexico, approximately 120 kms. from Culiacan. The Project is readily accessible by a paved highway, and is comprised of three mining concessions totalling approximately 652 hectares. The existing concessions are currently being mined for free gold by artisan miners using hammers, picks and shovels. No previous drilling has been done on the concessions.

Source Exploration President and CEO, Brian E. Robertson, said:

“Acquiring such a high impact project is testament to the advantages in expertise and relationships that we enjoy in Mexico. Capricho is an ideal technical complement to our established portfolio of Mexican projects. The fact that no previous drilling has been performed on this Property that is host to multiple showings of impressive free gold suggests good potential to identify high – grade, high tonnage gold mineralization. We will be commencing a diamond drilling program at Capricho at the earliest possible date.”

Click here to read the Source Exploration Corp. (TSXV:SOP) press releaseSee this press release on Marketwire
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