🕐10.12.09 - 23:51 Uhr
Canterra and Shore Gold Buy Burnstones Interest in Buffalo Hills Project
=======================================================================
Canterra and Shore Gold Buy Burnstones Interest in Buffalo Hills
Project
=======================================================================
Vancouver, B.C.
- Canterra Minerals Corporation (CTM:TSX.V) (formerly
Diamondex Resources Ltd.) ("Canterra") and Shore Gold Inc.
(SGF:TSX)
("Shore") are pleased to announce that they have purchased, each as to
50%, the joint venture interest of Burnstone Ventures Inc.
(formerly
Pure Diamonds Exploration Inc.)("Burnstone") in the Buffalo Hills
project in north central Alberta under a purchase and sale agreement
between Canterra, Shore and Burnstone.
As consideration for Burnstones
interest, Canterra and Shore each paid $75,000 in cash to Burnstone,
and Burnstone was granted a 1% royalty interest in the Buffalo Hills
project.
The Buffalo Hills project is presently a joint venture with
Canterra, Shore, EnCana Corporation ("EnCana") and Burnstone.
As a
result of the sale, Canterra and Shore each hold a 28.5% interest in
the Buffalo Hills project, and EnCana holds the remaining 43% interest.
The sale was subject to a 30-day right of first refusal in favour of
EnCana, which was waived, as well as the receipt of EnCanas consent to
the transaction, which was obtained.
CANTERRA MINERALS CORPORATION
"Randy C.
Turner"
Randy C.
Turner, President
For further information, please contact:
Canterra Minerals Corporation
Phone: (604) 687-6644
Email :
Website : www.diamondex.net
SHORE GOLD INC.
"Harvey J.
Bay"
Harvey J.
Bay, Chief Financial Officer and Chief Operating Officer
For further information, please contact:
Shore Gold Inc.
Phone: (306) 664-2202
Email :
Website : www.sedar.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
release.
=======================================================================
Copyright (c) 2009 DIAMONDEX RESOURCES LTD.
(DSP) All rights reserved.
For more information visit our website at http://www.diamondex.net/ or
send mailto:
=======================================================================
Products & Services | Jobs
|