ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

AAC

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:AAC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Actus Minerals Property Acquisition

26/04/2011 2:30pm

Marketwired Canada


Actus Minerals Corp. (TSX VENTURE:AAC) (the "Company") is pleased to announce
that it has entered into an option agreement with Antoro Resources Inc., to
acquire a 75% interest in 2 claim blocks comprised of a total of 37 designated
claims covering an area of 578.76 hectares. The property, known as the Golden
Knight project is located in the Casa Berardi township of Quebec, (the
"Property"). Actus' Casa Berardi project now covers in excess of 8,497 hectares
or 84.97 square kilometres immediately surrounding Aurizon Mines' Casa Berardi
mining operation.


Pursuant to the terms of the option agreement, and subject to regulatory
acceptance, the Company can acquire a 75% interest in the Property by expending
$150,000 in exploration expenditures and issuing an aggregate of 500,000 shares
over a two year period. The property is subject to an aggregate 2.5% percent net
smelter return royalty ("NSR") held by two separate parties. The Company may at
any time acquire half of one percent (0.5%) of the NSR for a one time payment of
$1,000,000 to one of the holders of the NSR. Additionally, the Company can
purchase an additional three quarters of one percent (0.75%) also for a one time
payment of $1,000,000 to the other NSR holder.


A summer 2011 exploration program will be planned to include an airborne
geophysical survey, geological mapping, geochemistry and trenching, directed
towards drill target definition. This work is being done in tandem with the work
planned on the recently optioned property from Beaufield Resources Inc.
Initially an airborne geophysical survey will be conducted over both properties
and the resulting data will be analyzed to identify high priority geophysical
targets which will be further explored.


ACTUS MINERALS CORP.

Carl von Einsiedel, President

1 Year Arak Resources Ltd. Chart

1 Year Arak Resources Ltd. Chart

1 Month Arak Resources Ltd. Chart

1 Month Arak Resources Ltd. Chart

Your Recent History