Press Release
CONSOLIDATED VISCOUNT RESOURCES LTD.
830-355 Burrard Street
Vancouver, BC V6C 2G8
Tel: (604)488-0133
Fax: (604)669-5715
March 25, 1997
N E W S R E L E A S E
Land Position Increased in Mexico
Consolidated Viscount Resources Ltd. (CVR-VSE) wishes to announce it has
acquired shares of EMK Corporation by way of an agreement between the
Company and Guardian Enterprises Ltd. ("Purchasers") and EMK
Corporation, a Nevada corporation, subject to VSE approval.
As its only assets, EMK Corp. owns fifty percent (50%) of the issued and
outstanding shares of Minera Cosalteca S.A. de C.V., twenty-five percent
(25%) of the issued and outstanding shares of Minera Los Coloradas S.A.
and fifty percent (50%) of the issued and outstanding shares of Minera
Rosarence S.A. The land package totals approximately 65,756 hectares.
In consideration for the purchase of 50% of the said shares, Viscount
will pay the sum of US$50,000 (fifty thousand USD) and issue 300,000
shares of the Company to Eckhardt Koppen.
As a condition of this agreement, Viscount is appointing Mr. Eckhardt
M. Koppen to the Board of Directors of the Company. Mr. Koppen has over
thirty (30) years of experience in all aspects of mining and is
considered a very valuable addition to the Board. He is currently the
operations manager at the Los Coloradas mine and will oversee all
Mexican operations for the Company.
This acquisition will increase Viscount's holdings in the Las Coloradas
mine to 28«% (from 16%), and together with its affiliate company,
Guardian Enterprises, will control 57% of the mine, which is in the
final development stages in preparation for production.
The additional eighteen (18) properties are located in the highly
mineralized area of the Sierra Madre, in the states of Durango and
Sinaloa. This area has been attracting considerable interest from
junior and major mining companies because of recent discoveries. Two of
the newly acquired properties have option agreements in place with major
mining companies. One of these properties is currently being drilled
with high expectations.
This acquisition is part of the first stages of the Company's plan to
become a significant player in this highly mineralized area of Mexico.
"Signed"
Leonard J. Harris
President Trading Symbol: CVR-VSE
The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the accuracy of this release. |
