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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (8173)8/6/2014 9:09:15 AM
From: Goose94Read Replies (1) of 203206
 
Soltoro (SOL-V) Aug 6, '14 has been advised by Gold Reserve (GRZ -V) that it will not continue with its option to earn-in to Soltoro’s La Tortuga project. Gold Reserve cited poor market conditions and a need to preserve capital as the main reasons for terminating the option. Gold Reserve was awaiting a drill permit in order to carry out a preliminary drill program.

Andrew Thomson, President and C.E.O. of Soltoro Ltd. stated: “We are sorry to see Gold Reserve drop the option on La Tortuga without having carried out a drill program. La Tortuga has excellent potential to host a significant copper/gold deposit with numerous mineralized target areas yet to be drill tested. The Company will seek a new partner to advance the project.”
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