TORONTO, ONTARIO--(Marketwired - April 25, 2014) - Minsud Resources Corp. (TSX VENTURE:MSR) ("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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, spending commitments, future operations, results of exploration, anticipated financial results, future work programs, capital expenditures and objectives. Forward looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in the Company's TSXV Filing Statement dated April 27, 2011 under the heading "Risk Factors" as available on www.sedar.com. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the map accompanying this press release please visit the following link: http://media3.marketwire.com/docs/Minmap425.pdf