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| Home : Eloro Resources and Cott Oil and Gas Sign Definitive $5 Million Option Agreement for a 25% Interest in La Victoria Project, Peru |
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Mar 31
2017 |
Eloro Resources and Cott Oil and Gas Sign Definitive $5 Million Option Agreement for a 25% Interest in La Victoria Project, Peru |
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TORONTO, ONTARIO--(Marketwired - March 30, 2017) - Eloro Resources Ltd. (TSX VENTURE:ELO)(FRANKFURT:P2Q) ("Eloro") is pleased to announce it has signed a Definitive Option and Joint Venture Agreement (the "Agreement") with Cott Oil and Gas Limited ("Cott")(ASX:CMT), granting Cott an option to acquire up to a 25% interest in Eloro's wholly-owned La Victoria Gold Silver Project ("La Victoria" or the "Property"), by completing up to C$5 million in expenditures by July 31, 2018, the details of which were announced by Eloro on March 3, 2017. The Property covers approximately 80.4 square kilometres and is held by a Peruvian-based Eloro subsidiary and is located in Pallasca Province, Ancash Department, in the prolific North-Central Mineral Belt of Peru. |
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| Source:http://www.marketwired.com/mw/release.do?id=2206405&sourceType=3 |
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