Patagonia Gold Corp press release
Vatic Ventures Corp. Engages Coffey Mining for the Initial 43-101 Report for the La Silla Gold & Silver Property in Mexico
TSXV - TSX Venture Exchange · Gold · Silver · Arsenic · Antimony · Canada
(via Thenewswire.ca)
Vancouver, BC, June 6, 2012 - Vatic Ventures Corp (TSX-V: VCV and Frankfurt: V8V) is pleased to announce that it has engaged Coffey Mining for the initial 43-101 the La Silla property in Mexico.
The property is located some 65 km north of Mazatlan in the State of Sinaloa and encompasses about 14,500 hectares. It is part of the Trans Mexican Volcanic Belt, which hosts numerous world class gold and silver deposits such as the San Dimas Mine of Primero Gold , 75 km to the east, and the Cienega mine of Fresnillo, 115 km to the northeast.
Vatic recently signed a Definitive Agreement with Minera Meridian for the acquisition of this property (see press release from April 16, 2012).
Vatic is engaging Coffey Mining, a leading international mining engineering firm, to conduct a three dimensional model and resource calculation based on Meridian's drill data and execute a NI 43-101 report. This report is required for the approval of the transaction by the TSX-V.
ABOUT VATIC VENTURES CORP.
Vatic Ventures Corp (www.vaticventures.com) is a junior exploration company developing high yield precious metal projects throughout North America. Focusing on high yield gold and silver projects, Vatic Ventures currently holds two projects, the BM property in the Spences Bridge Gold Belt near Merritt, BC and has a Lease/Option-to-Purchase Agreement for the La Silla West property near Mazatlan. The company continues to explore new opportunities and prospects.
ON BEHALF OF THE BOARD OF DIRECTORS
"Nasim Tyab"
Nasim Tyab
President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the contents of this news release. Some of the statements contained in this release are forward-looking statements. Forward-looking statements include but are not limited to, statements concerning estimates of recoverable minerals, expected mineral prices, expected costs, statements relating to the continued advancement of the Company's projects and other statements which are not historical facts. When used in this document, and on other published information of the Company, the words such as "could," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements. Although the Company believes that its expectations reflected in the forward-looking statements are reasonable, such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Various factors could cause actual results to differ from these forward-looking statements including the potential that the Company's projects will experience technical and mechanical problems, geological conditions and other risks not anticipated by the Company or disclosed in the Company's published material. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. The information contained herein does not constitute an offer of securities for sale in the United States, United Kingdom, Canada, Japan or Australia.
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