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Antilles Gold Ltd.
Antilles Gold Ltd.
Registriert in: Australien WKN: A2QG77 Rohstoffe:
Art: Originalaktie ISIN: AU0000115172 Gold
Silber
Heimatbörse: Sydney/Melbourne Alternativ: ANTMF
Währung: AUD    
Symbol: AAU.AX Forum:

Novus Gold Corp. - Acquisiton Completed

04.04.2012 | 1:26 Uhr | Marketwired
VANCOUVER, 04/03/12 - PanTerra Gold Limited (ASX: PGI) (ABN: 48 008 031 034) (PanTerra Gold or the "Company"), advises that it has completed the acquisition of Vancouver based Novus Gold Corp. (TSX VENTURE: NOV) by the issue of 18,412,632 PGI shares to Novus Gold shareholders (1 for 3).

PanTerra Gold has in effect acquired two exploration concessions in the Dominican Republic held by a wholly-owned subsidiary of Novus Gold.


La Yagua

- 9900ha concession along strike from Perilya's producing Cerro de Maimon copper/gold mine

- Preliminary exploration programs have identified significant base/precious metals mineralisation in 5 targets, with grab samples grading up to 18% Cu, 13g/t Au, and 29g/t Ag

- Mineralisation is strata bound VMS type, same as Cerro de Maimon mine

- Extension of previous soil sampling work to cover the whole concession is justified

- Drilling of first target 6 km long and open, expected in Q4/2012


La Paciencia

- 8.600ha concession located 10 km east of the Pueblo Viejo gold deposit (+25M oz) being developed by Barrick/Goldcorp

- Underlain by same geology in Los Ranchos formation as Pueblo Viejo

- Initial exploration will focus on soil sampling and geophysics to identify drill targets

- Prospecting to date has discovered elevated gold values along structural lineaments

- Any resource is expected to be predominantly refractory, and amenable to treatment through PanTerra Gold's Las Lagunas Albion/CIL process plant



Contacts:

PanTerra Gold Limited
Mr Brian Johnson, Chairman & CEO
+61 2 4861 174
brianjohnson@panterragold.com

PanTerra Gold Limited
Mr James Tyers, Director of Operations
+61 2 4861 1740
61 2 4861 7665 (FAX)
jamestyers@panterragold.com
 
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