Citation Resources Inc.: Biricu Access Agreement Finalized and Drill Permitting Update
2014年1月16日 - 11:00PM
Marketwired
Citation Resources Inc.: Biricu Access Agreement Finalized and
Drill Permitting Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 16, 2014) -
Citation Resources Inc. (the "Company") (TSX-VENTURE:CTT) is
pleased to announce that it has entered into a formal access
agreement with the community of Mezcala at its Biricu Project
granting the Company permission and access to conduct drilling
activities. The Mezcala region covered by the agreement encompasses
substantially all of the priority drill targets previously
identified by the Company in the four target areas at the Bircu
Project (see prior news releases). Each of the four target areas
contain the geophysical, geochemical and geological characteristics
consistent with other discoveries in the area, including the
neighboring Torex properties, Morelos and Media Luna, and
Goldcorp's Los Filos.
Citation continues
to advance the process for obtaining the permits for a planned
drill program and expects to have drill permits in hand by the end
of March 2014.
The Company will
finalize access arrangements with two other communities to enable
it to drill the other identified priority drill target after
completion of its current drill program.
Citation is also
pleased to announce that it has commenced a search for a President
and CEO to advance exploration and drill programs. "With the drill
program now eminent, we are looking to expand our leadership team
to include an experienced chief executive capable of taking the
company through its next phase," said Matthew Watson, current CEO
and Chairman.
About Citation Resources
Citation Resources
Inc. is a growth-oriented, Canadian mining company dedicated to the
exploration and development of precious and base metal resources.
Citation is based in Vancouver, British Columbia and aims to create
shareholder value through the acquisition, exploration, and
development of profitable mineral properties, in a manner that is
consistent with best practice in environmental stewardship, safety
and stakeholder engagement. The Company has an option agreement
with Esperanza Resources Corp. to acquire a 100% interest in the
Biricu Project mineral exploration concession located in Guerrero
State, Mexico. The Biricu Project comprises more than 41,000
hectares of highly prospectable ground and management believes that
the Biricu Project is the direct on-strike extension of five skarn
deposits in the Guerrero Gold Belt (El Limon-Los Guajes - Torex
Gold Resources Inc.; Bermejal, Los Filos, and Nukay - Goldcorp
Inc.; Ana Paula - Newstrike Capital Inc.).
Forward-Looking
Statement
Some statements in
this report contain forward-looking information. These statements
include, but are not limited to, statements with respect to future
exploration, expenditures, transactions and financings. These
statements address future events and conditions and, as such,
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
to be materially different from any future results, performance or
achievements expressed or implied by the statements. Such factors
include, among others, risks related to actual results of
exploration activities, the timing and amount of expenditures and
the completion of transactions and financings.
ON BEHALF OF THE
BOARD OF DIRECTORS
CITATION RESOURCES
INC.
Nigel Kirkwood,
CFO
Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
Citation Resources Inc.Nigel
KirkwoodCFO604-682-6784info@citationresources.comwww.citationresources.com
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