Estrella Gold terminates Colpayoc options
April 19, 2013 - News Release
Estrella Gold Corp. has terminated its two option agreements for the Colpayoc gold project, located 12 kilometres southwest of the Yanacocha gold mine in northern Peru.
In consideration of recent social issues at gold mines nearby and the very high costs of holding this project, the company terminated its earn-in agreements with the two claim holders but will remain in contact with them should conditions change in the future. The claim holders can now option or sell the projects to third parties, and Estrella has no further claims on the project.
John Wilson, president and chief executive officer of Estrella, commented: "The company will now move ahead and focus its resources on advancing its projects in southern Peru, as well as exploring for more prospects in this part of the country, where the environment for discovery of potentially economic projects is more favourable."
John Wilson, BSc, MS, is a qualified person for the purposes of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators and has prepared, reviewed and verified the technical information contained in this news release. Further information is available at Estrella Gold's website. |
