Owner
Post by Franko10 ™ on Oct 2, 2004 14:24:42 GMT -5
Claimstaker Terminates Los Hilos and Warrior Extension
Option Agreements
VANCOUVER, BRITISH COLUMBIA--Claimstaker Resources Ltd. (the
"Company") announces that it has terminated its option agreement
with 8019 Investments Ltd., the holder of the 336.85 hectare Los
Hilos Property located in the Uruachic mining district, State of
Chihuahua, Mexico. As a grass roots exploration project, Los
Hilos has produced some favourable results from Claimstaker's
recent exploration efforts.
The Company also announces that it has terminated its option
agreement with Digital Ventures Inc., the holder of the 20 Warrior
Extension mining claims in Nye County, Nevada along the attractive
Walker Lane structural zone.
The Company has decided to reduce its exploration commitments and
instead concentrate its efforts on identifying attractive gold
production projects. Given the current depressed state of the
precious metals market, the Company feels there are many
interesting opportunities to acquire cash-flow generating gold
production projects.
On behalf of the Board of Directors,
N. Ferris, President and CEO
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Claimstaker Resources Ltd.
Nick Ferris
President and CEO
1-888-236-5200
Website: www.claimstakerresources.com
Email: ir@claimstakerresources.com
The Canadian Venture Exchange has neither approved nor disapproved
of the information contained herein.
Option Agreements
VANCOUVER, BRITISH COLUMBIA--Claimstaker Resources Ltd. (the
"Company") announces that it has terminated its option agreement
with 8019 Investments Ltd., the holder of the 336.85 hectare Los
Hilos Property located in the Uruachic mining district, State of
Chihuahua, Mexico. As a grass roots exploration project, Los
Hilos has produced some favourable results from Claimstaker's
recent exploration efforts.
The Company also announces that it has terminated its option
agreement with Digital Ventures Inc., the holder of the 20 Warrior
Extension mining claims in Nye County, Nevada along the attractive
Walker Lane structural zone.
The Company has decided to reduce its exploration commitments and
instead concentrate its efforts on identifying attractive gold
production projects. Given the current depressed state of the
precious metals market, the Company feels there are many
interesting opportunities to acquire cash-flow generating gold
production projects.
On behalf of the Board of Directors,
N. Ferris, President and CEO
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Claimstaker Resources Ltd.
Nick Ferris
President and CEO
1-888-236-5200
Website: www.claimstakerresources.com
Email: ir@claimstakerresources.com
The Canadian Venture Exchange has neither approved nor disapproved
of the information contained herein.
