Colorado Res, Damara Gold cancel Kinaskan-Castle Option
December 15 2017
See News Release (C-CXO) Colorado Resources Ltd.
Mr. Adam Travis of Colorado Resources reports
COLORADO AND DAMARA TERMINATE OPTION TO ACQUIRE KINASKAN-CASTLE PROPERTY
Further to their joint news release of Nov. 20, 2017, Colorado Resources Ltd. and Damara Gold Corp. have mutually agreed to terminate the letter agreement whereby Colorado granted Damara the option to acquire a 100-per-cent interest in Colorado's Kinaskan-Castle project, located in the Liard mining division within the Golden Triangle area of northwestern British Columbia.
As described in the news release of Nov. 20, 2016, Colorado had initiated a preliminary exploration program on the Kinaskan-Castle property, which includes the collection of 859 soil and 201 rock samples, 10 square kilometres of geological mapping, an 11-line-kilometre induced polarization survey and a 150-line-kilometre airborne magnetic survey, and will release the results of this work program once integrated into the geological, geochemical and geophysical databases and approved by Colorado's board of directors.
About Damara Gold Corp.
Damara Gold is a TSX Venture Exchange-listed Canadian public company with a board of directors seasoned in the mineral exploration industry and with a record of mineral deposit discovery around the world.
About Colorado Resources Ltd.
Colorado Resources is currently engaged in the business of mineral exploration for the purpose of acquiring and advancing mineral properties located in the Golden Triangle of British Columbia and holds approximately 1,200 square kilometres of mineral claims in the Golden Triangle. The company's main exploration projects within British Columbia include KSP and North Rok. Additionally, the company holds an option to acquire a 100-per-cent interest in the Greensprings project located in Nevada.
We seek Safe Harbor.
See News Release (C-CXO) Colorado Resources Ltd.
Mr. Adam Travis of Colorado Resources reports
COLORADO AND DAMARA TERMINATE OPTION TO ACQUIRE KINASKAN-CASTLE PROPERTY
Further to their joint news release of Nov. 20, 2017, Colorado Resources Ltd. and Damara Gold Corp. have mutually agreed to terminate the letter agreement whereby Colorado granted Damara the option to acquire a 100-per-cent interest in Colorado's Kinaskan-Castle project, located in the Liard mining division within the Golden Triangle area of northwestern British Columbia.
As described in the news release of Nov. 20, 2016, Colorado had initiated a preliminary exploration program on the Kinaskan-Castle property, which includes the collection of 859 soil and 201 rock samples, 10 square kilometres of geological mapping, an 11-line-kilometre induced polarization survey and a 150-line-kilometre airborne magnetic survey, and will release the results of this work program once integrated into the geological, geochemical and geophysical databases and approved by Colorado's board of directors.
About Damara Gold Corp.
Damara Gold is a TSX Venture Exchange-listed Canadian public company with a board of directors seasoned in the mineral exploration industry and with a record of mineral deposit discovery around the world.
About Colorado Resources Ltd.
Colorado Resources is currently engaged in the business of mineral exploration for the purpose of acquiring and advancing mineral properties located in the Golden Triangle of British Columbia and holds approximately 1,200 square kilometres of mineral claims in the Golden Triangle. The company's main exploration projects within British Columbia include KSP and North Rok. Additionally, the company holds an option to acquire a 100-per-cent interest in the Greensprings project located in Nevada.
We seek Safe Harbor.