|
|
Article: Savant Grants Selwyn Option on Vinata Property in Mexico and Plans Drilling.
- Article from:
- Marketwire Canada
- Article date:
- July 22, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
VANCOUVER, BRITISH COLUMBIA, Jul 22, 2009 (Marketwire via COMTEX) -- Savant Explorations Ltd. (TSX VENTURE:SVT)("Savant") is pleased to announce that it has reached an agreement under which Selwyn Resources Ltd. ("Selwyn") may acquire an interest in Savant's Vinata Property located in North Central Mexico. The acquisition agreement grants Selwyn an option to acquire an initial 50% interest in the Vinata Property and upon exercising that option, an option for Selwyn to increase its interest to 55% by making additional expenditures. Selwyn is committed to a minimum US$500,000 exploration expenditure by January 15, 2010. The planned work program includes 1800 metres of ...