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LCY

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Share Name Share Symbol Market Type
TSXV:LCY 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 -

Southern Legacy Further Consolidates AntaKori Project Mining Concessions

07/01/2013 2:51pm

Marketwired Canada


Southern Legacy Minerals ("SLM" or the "Company") (TSX VENTURE:LCY) is pleased
to announce that it has recently executed option agreements (the "Option") to
acquire a controlling interest in SMRL El Sinchao ("El Sinchao"), a local
Peruvian mining company, which owns 100% of three of the mineral concessions
that comprise the AntaKori Property. Under the terms of the Option, no royalty
or back-in rights are contemplated. 


The three concessions held by El Sinchao are Inquisicion, Incognita and El
Sinchao, all of which are located along the southeastern extension of a
high-grade copper-gold mineralized body defined by drilling by previous owners.
Earlier drill holes collared on these claims include drill hole DDH9 which cut
32 metres with 2.6 % Cu and 0.46 g/t Au. None of the drill holes collared here
tested the deeper skarn and porphyry style mineralization found elsewhere on
AntaKori. 


Fernando Pickmann, the Company's President and CEO, stated: "With the execution
of the Option, Southern Legacy continues to advance its three pronged strategy
of consolidating ownership, resolving long-standing environmental liabilities
from previous operators, and building a solid relationship with local
stakeholders. By continuing to build a relationship of trust with the various
underlying owners of the mineral rights, we continue to move forward in our aim
of drilling the various exploration targets on AntaKori as soon as possible. Our
aim is to build on the existing NI43-101 compliant mineral resource, both by
focusing on copper-gold mineralization hosted in metasomatised sediments and
mineralized porphyry intrusive rocks, and by carrying out step out drilling
along the high-grade northwest-southeast mineralized trend, on which these newly
consolidated claims are located."


About Southern Legacy Minerals Inc.

Southern Legacy Minerals Inc. ("Southern Legacy") (TSX VENTURE:LCY) is an
exploration company with a portfolio of copper and gold projects in South
America. Southern Legacy is currently focused on advancing its flagship copper
and gold AntaKori project (formerly known as Sinchao), located in northern Peru
between Gold Fields' Cerro Corona and Buenaventura-Southern Copper's Tantahuatay
mines. The project currently has a NI 43-101 compliant inferred resource
estimate of 294 Mt with average copper and gold grades of 0.48% and 0.36 g/t,
respectively, containing 3.1 Blbs of copper and 3.4 Mozs of gold, at an average
copper equivalent grade of 0.92%. 


Forward Looking Statement: 

Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws. Such
forward-looking statements, including but not limited to those with respect to
the prices of metals and minerals, purchase payments, estimated future
production and estimated costs of future production involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any forecast
results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, the actual
prices of metals and minerals, the actual results of current exploration,
development and mining activities, changes in project parameters as plans
continue to be evaluated, as well as those factors disclosed in the documents of
the Company filed from time to time with the British Columbia Securities
Commission. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Southern Legacy Minerals Inc.
Fernando Pickmann
CEO
+011.511.208.4200
fpickmann@gbplegal.com

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