Apr 26 2014
Minsud Resources Corp. ("Minsud" or the "Company") announces that it has acquired two mining claims from Troy Resources Argentina Ltd. Sucursal ("Troy") adjoining Minsud's 100% owned Chita mining concession for total consideration of a 2% Net Smelter Return (NSR) royalty on future production revenue from the acquired claims.
Minsud has the right to purchase one half or 1% of the NSR royalty by paying US$750,000 to Troy. The northern property is a mining claim granted to Troy covering 1,881 hectares and the southern property is a mining claim application pending approval covering 1,304 hectares, as represented in the following properties map.
Minsud's Chita Valley Project now comprises 17,400 hectares or 174 square kilometers of mineral concessions controlled by Minsud through various agreements.
Carlos Massa Minsud´s President & CEO, states: "We are delighted for having this unique opportunity to increase our tenure of our flagship, Chita Valley Project and also excited for being able to apply the technical knowledge acquired exploring this area to prospect these new adjacent claims."
Mr. Howard Coates, Professional Geoscientist, Director and Vice President Exploration of the Company and a geological consultant, is a qualified person as defined by Canadian National Instrument 43-101. Mr. Coates visited the property and has read and approved the contents of this release.
About Minsud Resources Corp.:
Minsud is a mineral exploration company focused on exploring its flagship Chita Valley Project, primarily for gold, silver and copper in the Province of San Juan, Argentine Republic. The Company also holds a 100% owned portfolio of selected early stage prospects, mainly made up of 28,000 has in the Santa Cruz Province, Argentine Republic.