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.

CTT Citation Resources

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Citation Resources TSXV:CTT 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 -

Citation Resources Inc.: Biricu Access Agreement Finalized and Drill Permitting Update

16/01/2014 1:00pm

Marketwired Canada


Citation Resources Inc. (the "Company") (TSX VENTURE:CTT) is pleased to announce
that it has entered into a formal access agreement with the community of Mezcala
at its Biricu Project granting the Company permission and access to conduct
drilling activities. The Mezcala region covered by the agreement encompasses
substantially all of the priority drill targets previously identified by the
Company in the four target areas at the Bircu Project (see prior news releases).
Each of the four target areas contain the geophysical, geochemical and
geological characteristics consistent with other discoveries in the area,
including the neighboring Torex properties, Morelos and Media Luna, and
Goldcorp's Los Filos.


Citation continues to advance the process for obtaining the permits for a
planned drill program and expects to have drill permits in hand by the end of
March 2014.


The Company will finalize access arrangements with two other communities to
enable it to drill the other identified priority drill target after completion
of its current drill program.


Citation is also pleased to announce that it has commenced a search for a
President and CEO to advance exploration and drill programs. "With the drill
program now eminent, we are looking to expand our leadership team to include an
experienced chief executive capable of taking the company through its next
phase," said Matthew Watson, current CEO and Chairman.


About Citation Resources

Citation Resources Inc. is a growth-oriented, Canadian mining company dedicated
to the exploration and development of precious and base metal resources.
Citation is based in Vancouver, British Columbia and aims to create shareholder
value through the acquisition, exploration, and development of profitable
mineral properties, in a manner that is consistent with best practice in
environmental stewardship, safety and stakeholder engagement. The Company has an
option agreement with Esperanza Resources Corp. to acquire a 100% interest in
the Biricu Project mineral exploration concession located in Guerrero State,
Mexico. The Biricu Project comprises more than 41,000 hectares of highly
prospectable ground and management believes that the Biricu Project is the
direct on-strike extension of five skarn deposits in the Guerrero Gold Belt (El
Limon-Los Guajes - Torex Gold Resources Inc.; Bermejal, Los Filos, and Nukay -
Goldcorp Inc.; Ana Paula - Newstrike Capital Inc.).


Forward-Looking Statement

Some statements in this report contain forward-looking information. These
statements include, but are not limited to, statements with respect to future
exploration, expenditures, transactions and financings. These statements address
future events and conditions and, as such, involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievements of to be materially different from any future results,
performance or achievements expressed or implied by the statements. Such factors
include, among others, risks related to actual results of exploration
activities, the timing and amount of expenditures and the completion of
transactions and financings.


ON BEHALF OF THE BOARD OF DIRECTORS

CITATION RESOURCES INC.

Nigel Kirkwood, CFO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Citation Resources Inc.
Nigel Kirkwood
CFO
604-682-6784
info@citationresources.com
www.citationresources.com

1 Year Citation Resources Chart

1 Year Citation Resources Chart

1 Month Citation Resources Chart

1 Month Citation Resources Chart