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
FOR FURTHER INFORMATION PLEASE CONTACT: Claimstaker Resources Ltd. Nick Ferris President and CEO 1-888-236-5200 Website: www.claimstakerresources.com Email: firstname.lastname@example.org The Canadian Venture Exchange has neither approved nor disapproved of the information contained herein.
Last Edit: Jan 31, 2005 22:01:48 GMT -5 by Franko10 ™
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