Release Date Title
Vancouver, British Columbia – Caerus Resource Corporation (the “Company”) (TSX-V:CA) is pleased to announce the closing of the Buritica West Gold Project in Antioquia, Colombia. The 326 hectare project is strategically located immediately adjacent to the Buritica Project of Continental Gold. Work completed by Continental Gold has identified a significant gold/silver/zinc discovery contained within the Yaragua and Veta Sur vein systems. These west-trending vein systems are located immediately east of the Buritica West Gold Project. The title was registered in at the Ingeomanis Office in Bogota.
The Buritica West Project covers the “Cataclastic Tonalite” phase of the Sabanalarga Batholith, which is the intrusive border phase and is sheared, diked, veined and altered. Work completed to date by Caerus includes a Mobile Metallic Ion soil sample program – an SGS Laboratories proprietary technique. Results have identified zones of gold-silver mineralization immediately west of the Yaragua and Veta Sur vein system locations, within the boundary of the Buritica West Gold Project. These anomalies are located along strike of the respective vein systems under development by Continental Gold. A strong northwest trending anomaly of up to 180 meters wide is located at the San Agustin area in the northern portion of the project, and will likely be the first drill target. A second zone located farther south at the La Mina area is a follow up target. A geological team is currently in the field completing a deep auger program to further define the areas of interest. Only one third of the project has been evaluated and further reconnaissance is planned for the remaining areas. A MAG/IP program is also being scheduled. The Environmental Guide for the project has been completed and drill permits are expected within the month of December.
Mr. Paul Pelke, a Qualified Person under NI 43-101, and a consulting geologist to the Company has reviewed the content of this press release.
On Behalf of the Board of Directors of Caerus Resource Corporation.
Adrian F.C. Hobkirk, President and Chief Executive Officer – adrianh@resourceexploration.com
For further information, contact Adrian Hobkirk at 714-316-3272, toll free 855-894-4524 or email: adrianh@resourceexploration.com or Allan Feldman at AJF Consultants Ltd. at 604-948-9663 or email: AJFConsultants@aol.com.
The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.
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October 20, 2011Print PDF
“Not for distribution to U.S. newswire services or for dissemination in the United States.”
Vancouver, British Columbia – Caerus Resource Corporation (the “Company”) (TSX-V:CA) is pleased to announce a non-brokered private placement of up to ten million units at a price of $0.25 per unit, for total gross proceeds of up to $2,500,000.00. Each unit is comprised of one common share of the Company and one non-transferable common share purchase warrant. Each non-transferable common share purchase warrant allows the holder to purchase an additional common share of the Company at a price of $ 0.35 per share for a period of two years from the date of closing of the non-brokered private placement.
The units issued with respect to the offering will be subject to a four month hold period in accordance with applicable Canadian Securities Laws. A portion of the private placement may be subject to a finder’s fee that may be payable in cash and warrants with respect to certain private placement subscribers and in accordance with the policies of the TSX Venture Exchange. The non-brokered private placement is subject to the approval of the TSX Venture Exchange and required regulatory approvals. The finder’s fee warrants are subject to the same terms.
Caerus Resource Corporation is a mineral exploration Company focused exclusively on developing precious metals assets in Colombia, South America. The Company has a full time office in Medellin, Colombia.
Proceeds from the private placement will be used to fund the acquisition and exploration of the Buritica West Gold Project, the El Cafetal Gold Mine, and for the evaluation of other acquisitions.
The Buritica West Gold Project is strategically located in Antioquia, Colombia, and adjacent to the Buritica Project, owned by Continental Gold. Continental Gold is currently drilling a 100,000 meter program on the adjacent property. Caerus is now conducting follow up work to compliment a Mobil Metallic Ion sample program (SGS Laboratories proprietary technique) completed earlier this year, and in advance of an anticipated drill program.
The El Cafetal Gold Mine is located in Valparaiso District, Colombia. The project has been extensively evaluated by the Company, with work including MMI sampling, adit and tunnel sampling, and a recently completed MAG/IP program. Pending results of the MAG/IP program, a drill program will be conducted at the project.
On Behalf of the Board of Directors of Caerus Resource Corporation.
Adrian F.C. Hobkirk, President and Chief Executive Officer – Ahobkirk@resourceexploration.com
For further information, contact Adrian Hobkirk at 714-316-3272, toll free 855-894-4524 or email: Ahobkirk@resourceexploration.com or Allan Feldman at AJF Consultants Ltd. at 604-948-9663 or email: AJFConsultants@aol.com .
The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain ” forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.
“Not for distribution to U.S. newswire services or for dissemination in the United States.”
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October 18, 2011Print PDF
Vancouver, British Columbia – Caerus Resource Corporation (TSX-V:CA) (the “Company”) is pleased to announce that the concession contract for the Buritica West Gold Project, Antioquia, Colombia, has been signed by the Governor of Antioquia. The Buritica West Gold Project is located immediately adjacent to the Buritica Project of Continental Gold. Work completed by Continental Gold has identified a significant gold/silver/zinc discovery contained within the Yaragua and Veta Sur vein systems. These west-trending vein systems are located immediately east of the Buritica West Gold Project. A Mobile Metallic Ion soil sample program (SGS Laboratories proprietary technique) was recently completed by the Company and has identified zones of gold-silver mineralization immediately west of the Yaragua and Veta Sur vein system locations, within the boundary of the Buritica West Gold Project under option to the Company. Although most of the area is soil covered, reconnaissance exploration has discovered exposed mineralization in the creeks including veins and breccias. The Buritica West Project covers the “Cataclastic Tonalite” phase of the Sabanalarga Batholith, which is the intrusive border phase and is sheared, diked, veined and altered.
The title opinion, provided by Jimenez and Ulloa, Abagados of Bogota, Colombia, clearly states the concession contract for the Buritica West Gold Project was signed by the Governor of Antioquia on January 31, 2011, and is a valid concession contract. All concession contracts are registered in the National Mineral Registry immediately after signing. The delay in title registration has been due to a 12 centimeter overlap of the concession contract, which represents 0.00087% of the total land area. The correction will be made by an addendum to the concession contract and the addendum will be
submitted with the concession contract for registration. As the title is valid, the Company will be filing all documents with the TSX Venture Exchange to close this acquisition.
Closing is subject to the approval of the TSX Venture Exchange.
The Company is initiating the next phase of exploration at Buritica West, which will include Mobile Metallic Ion surface soil sampling over the southern part of the concession, an area that is unexplored, and a MAG/IP program over the entire concession to delineate drill targets. The Company will also concurrently apply for drill permits. Work is also underway at the Buritica North Gold Project, located immediately north of and adjacent to the Buritica West Gold Project. Mobile Metallic Ion soil sample profiles are presently being completed at this location.
Dr. A. D. Drummond, Professional Engineer, and a Qualified Person under NI 43-101,
has reviewed the content of this press release.
On Behalf of the Board of Directors of Caerus Resource
Corporation.
Adrian F.C. Hobkirk,President and Chief Executive Officer – adrianh@resourceexploration.com
For further information, contact Adrian Hobkirk at 714-316-3272,
toll free 855-894-4524 or email: adrianh@resourceexploration.com or
Allan Feldman at AJF Consultants Ltd. at 604-948-9663 or email: AJFConsultants@aol.com.
The TSX Venture Exchange has not reviewed the content of this News Release and
therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue
reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.
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September 28, 2011Print PDF
Vancouver, British Columbia – Caerus Resource Corporation (TSX-V: CA) (the “Company”) announces the granting of options to a Director entitling the Director to purchase up to 150,000 shares at a price of $0.29 per share for a period of five years, in accordance with the Company’s stock option plan.
On Behalf of the Board of Directors of Caerus Resource Corporation.
Adrian F.C. Hobkirk, President and Chief Executive Officer –
adrianh@resourceexploration.com
For further information, contact Adrian Hobkirk at 714-316-3272, toll free 855-894-4524 or email: adrianh@resourceexploration.com or Allan Feldman at AJF Consultants Ltd. at 604-948-9663 or email: AJFConsultants@aol.com.
The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.
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September 27, 2011Print PDF
Vancouver, British Columbia – Caerus Resource Corporation (TSXV.CA) (the “Company”) is pleased to announce the appointment to the Board of Directors of Ms. Blanca Stella Frias, a citizen of Colombia, to the position of Vice-President and Director. Ms Frias will act as country manager and legal representative for the Company in Colombia.
Ms. Frias is native to Colombia, and has worked on the ground in the Latin American mining scene for more than 20 years. With extensive knowledge of South American communities, she began her career by creating her own private company to consult in a number of small mining districts throughout Venezuela and Guyana. Ms. Frias has worked for companies such as Gold Reserve de Venezuela (a subsidiary of Gold Reserve Inc.), the NOA Foundation in Catamarca, Argentina, Greystar Resources, Terramundo Drilling, Minera Providencia (a Colombian subsidiary of Minera Andes), and Revemin II CA (Venezuelan subsidiary of Crystallex International). During this time period, Ms. Frias gained recognition as a community leader and CSR specialist.
Ms. Frias recently held the position of Administration and Community Relations Manager for Ventana Gold Corporation ( VEN.T ). She was a key member of the management team which developed Ventana from an exploration company to a company having successfully defined a world class gold deposit at La Bodega, Colombia. The result was a $ 1.4 billion dollar market buyout by AUX Canada Acquisition Inc., for Ventana’s gold assets in Colombia.
Ms. Frias will be based out of the Company offices in Medellin, Colombia, which is in close proximity to the El Cafetal and Buritica West Gold Projects currently under evaluation by the Company.
Mr. Adrian F.C. Hobkirk, President and Chief Executive Officer of Caerus, is quoted as saying “We are very pleased to be able to retain the key participation at the board level of Ms. Frias. Her extensive experience and success-oriented drive will be a great asset to Caerus“.
On Behalf of the Board of Directors of Caerus Resource Corporation.
Adrian F.C. Hobkirk, President and Chief Executive Officer – adrianh@resourceexploration.com
For further information, contact Adrian Hobkirk toll free at 855-894-4524, 714-316-3272 or email: adrianh@resourceexploration.com or Allan Feldman at AJF Consultants Ltd. at 604-948-9663 or email: AJFConsultants@aol.com.
The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.
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September 8, 2011Print PDF
Vancouver, British Columbia – Caerus Resource Corporation (TSX-V:CA) (“The Company”) is pleased to report completing a formal agreement with the owner of the El Cafetal Gold Mine in Colombia, and also on further exploration results from the project area.
New Adits Sampled
Work to date, which includes surface and underground sampling, has identified a mineralized zone measuring up to 300 by 600 meters in extent, with indications of possible extensions east and west of the zone. Minera Ophir geologists sampled four recently discovered prospecting adits within the identified mineralized zone. The adits follow the structural/mineralization trend. The eight samples were comprised of a one meter channel sample across the vein and a sample of the visible vein only.
To view table, see attached PDF.
Samples were submitted to Inspectorate Labs in Reno, Nevada, for analytical process “GENX-10”, which consists of gold by one assay-ton fire assay with an Atomic Absorption finish, Ag-Cu-Mo-Pb-Zn-As-Sb-Bi by aqua regia digestion atomic absorption analysis, and Hg by cold vapor Atomic Absorption. Over-limit gold was re-assayed using gravimetric finish.
Minera Ophir is completing a geophysical program over the area and applying for environmental permits for a first stage drilling program of approximately 3000 meters in the main mineralized area. The geophysical program will consist of ground magnetometry and radiometrics complementary to an induced polarity (IP) survey intended to outline the extent of the sheeted vein/veinlet system. The first stage drilling program will be designed to provide more assay information about the potential for bulk-mineable gold mineralization.
Formal Agreement Completed
The Company is pleased to announce that its wholly-owned subsidiary, Minera Ophir SAS, has signed a definitive option contract with Inversiones Midas Ltda. for the El Cafetal concession which is located in Antioquia, Colombia.
The agreement with Inversiones Midas calls for seven semi-annual payments of USD $100,000 upon and after approval of the agreement by the TSX Venture Exchange. At the end of the option period, Minera Ophir can obtain 90% of the mineral rights by making a final payment of USD $800,000. The option may be exercised at any time if accompanied by the remaining semi-annual installments. In addition, Inversiones Midas will receive 450,000 shares of Caerus Resources subject to TSX limitations on the distribution, and Minera Ophir has agreed to be responsible for the settlement of an outstanding labor dispute between Midas and a former employee who is currently employed by Minera Ophir. The remaining 10% of the mineral rights may be purchased from Inversiones Midas for a price equal to $10 per ounce of gold in NI 43-101 compliant Proven Reserves before initiation of mine construction.
Negotiation of this Formal Agreement was delayed due to title issues. Obstructions to the title included a pre-existing production contract which was in default, a title embargo due to a labor dispute, a second lawsuit for non-payment of an easement agreement, and the filing with the authorities of an unacceptable Work and Investment Plan by the owner (“PTO”). Minera Ophir has worked closely with the owner to resolve all of the above, including filing a Work and Investment Plan with the Antioquia Division of Mines which has been accepted for review. The Company is completing a title review of the project, and will be filing the required documents with the TSX Venture Exchange for approval of the transaction.
Dr. A.D. Drummond, Ph.D., P.Eng., a qualified person under NI 43 101, has reviewed the contents of this press release.
On Behalf of the Board of Directors of Caerus Resource Corporation.
Adrian F.C. Hobkirk, President and Chief Executive Officer – adrianh@resourceexploration.com
For further information, contact Adrian Hobkirk toll free at 855-894-4524, 714-316-3272 or email: adrianh@resourceexploration.com.
The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.
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August 16, 2011Print PDF
Vancouver, British Columbia – Caerus Resource Corporation (TSX-V:CA) (the “Company”) is pleased to announce the closing of the Second Tranche of 885,714 units and the Third Tranche of 72,510 units of the non-brokered Private Placement announced May 10, 2011 and June 23, 2011 raising gross proceeds of $335,378.50 .
Each unit was priced at $0.35 per unit and was comprised of one common share and a two year share purchase warrant entitling the holder to acquire an additional common share at a price of $0.45 per share for a period of two years from the date of closing. The First Tranche was closed on June 24, 2011. The Second Tranche was closed on August 12, 2011. The Third Tranche was closed on August 12, 2011. The Second Tranche units are subject to a hold period expiring December 13, 2011. The Third Tranche units are subject to a hold period expiring December 13, 2011. No commissions were payable.
On Behalf of the Board of Directors of Caerus Resource Corporation,
Adrian F.C. Hobkirk, President and Chief Executive Officer – adrianh@resourceexploration.com
For further information, contact Adrian Hobkirk at 714-316-3272, toll free 855-894-4524 or email: adrianh@resourceexploration.com.
The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour
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June 28, 2011Print PDF
Vancouver, British Columbia – Caerus Resource Corporation (TSX-V:CA) (“The Company”) announces the granting of options to directors, officers and consultants entitling them to purchase up to 727,667 shares at a price of $0.37 per share for a period of five years, in accordance with the Company’s stock option plan.
On Behalf of the Board of Directors of Caerus Resource Corporation.
Adrian F.C. Hobkirk, President and Chief Executive Officer – adrianh@resourceexploration.com
For further information, contact Adrian Hobkirk at 714-316-3272, toll free at 855-894-5424 or adrianh@resourceexploration.com or Allan Feldman at AJF Consultants Ltd. at 604-948-9663 or email: AJFConsultants@aol.com.
The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.
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June 27, 2011Print PDF
Vancouver – Caerus Resource Corporation (TSX-V: CA) “the Company” is pleased to report further results from the ongoing exploration program at the El Cafetal Gold Mine, located in Valparaiso District, Colombia. Work to date has included a surface Mobile Metallic Ion (SGS Laboratories Proprietary Process) sample program and a chip sample program within existing adits. Additional geological reconnaissance has focused on exploration outside of the known zone. Newly discovered veins outcropping at surface were sampled, along with several workings. Significant gold, silver and copper values were encountered.
Samples were shipped to Inspectorate Laboratories of Medellin, Colombia for sample preparation and analyzed by Inspectorate Laboratory in Reno, Nevada, an ISO 9001:2008 certified laboratory. Analysis was by fire assay for gold. For silver and other base metals (Cu, Mo, Ni, Pb, Sb and Zn) the primary analytical method was ICP followed by Atomic Absorption Analysis for ore grade samples. Gold, silver and copper were the only metals showing significant values.
A total of 18 areas of interest were sampled, of which 14 are outcrops and 4 are tunnels. Of the 18 areas, 11 are outside the known stockwork zone. Values ranged from a low of 0.1 gpt Au over .9 of a meter to 42.06 gpt Au from a prospect. All results are in a table at the end of this press release. Several significant gold results were obtained from outside the stockworks zone and are:
Sample 22515: 42.06 gpt, Au 38 gpt Ag and 0.20% Cu / a newly uncovered tunnel located 500 meters from the western edge of the stockworks zone / 12 centimeter chip sample from the roof
Sample 22516 1.4 gpt Au, / located within a tunnel 300 meters southwest of the stockwork zone / 0.35 meter chip sample
Sample 22518 : 5.21 gpt Au / located 500 meters southwest of the stockwork zone / chip sample of outcrop
Sample 22525: 7.298 gpt Au / located 300 meters west of the stockwork zone / 1.4 meter ship sample of outcrop
Sample 22527 / 0.356 gpt Au / located 200 meters west of the stockwork zone / 3 meter chip sample of heavily weathered outcrop
Sample 22522: 1.12 gpt Au, 113 gpt Ag and 0.40% Cu/ 500 meters east of the stockwork zone / 0.40 meter chip sample from within an adit
Sample 22523: 0.88 gpt Au, 58.8 gpt Ag and 1.27 % Cu / 300 meters east of the stockwork zone / 1.7 meter chip sample of outcrop
Sample 22532: 0.64 gpt Au / 550 meters east of the stockwork zone / chip sample of prospect
Final Report – Job 11-338-03311-01
Sample Au Ag Cu Designation g/ton ppm ppm Au-1AT-AA Ag-AR-TR MB-AR-TR Width in CM
| 22515 |
42.068 |
38.7 |
2106 |
12 |
chip within tunnel |
|
| 22516 |
1.396 |
2.3 |
683 |
35 |
chip of working |
|
| 22517 |
0.279 |
1.3 |
865 |
100 |
outcrop chip sample |
|
| 22518 |
5.216 |
6.4 |
422 |
5 |
outcrop chip sample |
|
| 22519 |
0.169 |
2.4 |
389 |
90 |
outcrop chip sample |
|
| 22520 |
0.292 |
1.8 |
136 |
100 |
outcrop chip sample |
|
| 22521 |
0.109 |
1.4 |
814 |
90 |
outcrop chip sample |
|
| 22522 |
1.12 |
113.8 |
4016 |
40 |
chip sample within Velez Adit |
|
| 22523 |
0.882 |
58.8 |
1.27% |
170 |
outcrop chip sample |
|
| 22524 |
0.11 |
2.3 |
1680 |
120 |
outcrop chip sample |
|
| 22525 |
7.298 |
7.7 |
314 |
140 |
outcrop chip sample |
|
| 22526 |
0.531 |
0.6 |
84 |
80 |
outcrop chip sample |
|
| 22527 |
0.356 |
1.1 |
34 |
300 |
outcrop chip sample |
|
| 22528 |
1.648 |
1 |
177 |
50 |
outcrop chip sample |
|
| 22529 |
0.349 |
2.5 |
73 |
- |
outcrop grab sample |
|
| 22530 |
0.096 |
0.2 |
60 |
- |
outcrop grab sample |
|
| 22531 |
1.728 |
5.1 |
32 |
100 |
outcrop chip sample |
|
| 22532 |
0.638 |
22.4 |
785 |
50 |
roof chip within tunnel |
|
The Company has contracted KTTM Geophysics of Medellin, Colombia to conduct a geophysical survey of the project. This will include induced polarity (IP), resistivity and chargeability surveys, as well as ground magnetometry. Subsequent to the completion of financing, the Company plans to drill test various locations. A NI 43-101 Technical Report is in the final stages of completion and is expected shortly.
Mr. Paul A. Pelke, a registered geologist in the state of California and a Qualified Person as defined by NI 43-101 has reviewed the content of this press release.
On Behalf of the Board of Directors of Caerus Resource Corporation.
Adrian F.C. Hobkirk, President and Chief Executive Officer – adrianh@resourceexploration.com
For further information, contact Adrian Hobkirk at 714-316-3272, toll free 855-894-4524 or email: adrianh@resourceexploration.com or Allan Feldman at AJF Consultants Ltd. at 604-948-9663 or email: AJFConsultants@aol.com.
The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.
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June 24, 2011Print PDF
Vancouver- Caerus Resource Corporation (TSX-V: CA) (“The Company”) announces the closing of the First Tranche of 825,000 units of the non-brokered Private Placement announced May 10, 2011 raising gross proceeds of $288,750.
Each unit was priced at $0.35 per unit and was comprised of one common share and a two year share purchase warrant entitling the holder to acquire an additional common share at a price of $0.45 per share for a period of two years from the date of closing. The First Tranche was closed on June 24, 2011. The units are subject to a hold period expiring October 25, 2011. Commissions of $18,200 and 52,000 Agent’s Warrants were payable to Union Securities; $7,000 and 20,000 Agent’s Warrants were payable to Leede Financial in conjunction with a portion of the private placement. All warrants issued to Agents were issued under the same terms and conditions as the units sold pursuant to the private placement.
On Behalf of the Board of Directors of Caerus Resource Corporation.
Adrian F.C. Hobkirk, President & Chief Executive Officer adrianh@resourceexploration.com
For further information, contact Adrian Hobkirk at 714-316-3272, toll free at 855-894-5424 or adrianh@resourceexploration.com or Allan Feldman at AJF Consultants Ltd. at 604-948-9663 or email: AJFConsultants@aol.com.
The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of
conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.
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