Sulliden Gold Corporation
TSX :
SUE
OTCQX : SDDDF
LMA : SUE
March 13, 2012 06:30 ET
Sulliden Acquires Additional Mining Concessions at the Shahuindo Project
TORONTO, ONTARIO--(Marketwire - March 13, 2012) - Sulliden Gold Corporation Ltd. ("Sulliden", or the "Company") (TSX:SUE)(OTCQX:SDDDF)(LMA:SUE) is pleased to announce that it has acquired a 100% interest in the Vikingo mining concessions located adjacent to its Shahuindo Project in northern Peru. The acquisition of the Vikingo mining concessions provides the Company with important new land on potential strike length extensions of the current mineral deposit of the Shahuindo property (see Figure 1). In addition, Sulliden also successfully negotiated an amendment and extension of its previous right to purchase the Atimmsa mining concessions. These two new agreements significantly increase Sulliden's land position.
To view Figure 1 - Sulliden New Land Position at the Shahuindo Project, Peru, please visit the following link: https://media3.marketwire.com/docs/sue0313fig1.jpg.
Peter Tagliamonte, President and CEO of Sulliden, commented, "We are pleased to have increased our land position at Shahuindo as we believe this to be an important step in support of the development of the mining project and provides excellent new opportunities for further exploration."
To view Figure 2 - The Shahuindo Project is located in a world-class mining district in northern Peru, please visit the following link: https://media3.marketwire.com/docs/sue0313fig2.jpg.
About Sulliden
Sulliden is a Canadian-based precious metals company focused on the exploration and development of the Shahuindo Gold and Silver Project, located in a prolific gold producing district in northern Peru. A positive Preliminary Assessment for the Shahuindo Project was completed in February 2010 and a Feasibility Study is currently underway. While the Company progresses towards its goal of becoming a gold producer, a significant focus is being placed on exploration drilling. The current mineral deposit is open in all directions and at depth, and the Company plans to further drill the property in 2012 to continue the mineral expansion. Sulliden is led by a strong management team with the proven ability to develop, finance and operate mining projects and is poised to generate superior value for its shareholders.
On behalf of Sulliden Gold Corporation Ltd.:
| Peter Tagliamonte |
Stan Bharti |
| President and CEO |
Chairman |