🕐21.12.09 - 23:22 Uhr

Laguna Resources NL [ASX LRC] - Major Acquisition of Cachitos Gold Project, Chile



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Laguna Resources NL [ASX LRC] - Major Acquisition of Cachitos Gold Project, Chile

MAJOR ACQUISITION - CACHITOS GOLD PROJECT, CHILE

Laguna Resources (ASX: LRC) is pleased to announce that it has signed legally binding terms to acquire the Cachitos Gold Project, located in the southern sector of the World Class Maricunga Gold Belt in the Atacama Region of northern Chile.



Terms of the option agreement for 100% ownership include progressive payments of up to US$5 million over five years plus 1.5% NSR on production.

The Company has commenced due diligence to verify geology and gold values already identified within the license areas.

The acquisition of the Cachitos Gold Project is an expansion of Company activities in the Maricunga Gold Belt, where Laguna Resources is currently completing a 10,000 metres drilling programme at the advanced Arqueros Gold Project.



At the Cachitos Gold Project, Laguna Resources is targeting the discovery of a multi-million ounce gold deposit hosted in hydrothermal breccias pipes, veins and stockworks, related to the Nevado de Aguas Blancas volcanic system.

The project is located within the same volcanic and structural regime as the 26 Million ounce Cerro Casale Gold Project (11 km to north east) and the 20 Million ounce Caspiche Gold Project (20 km to the north).

Additonal information is included in the press release attached, or please contact:

Nick Lindsay
Managing Director
Laguna Resources NL
Tel: +61 8 9200 6280

Media:
Fortbridge +612 9331 0655
Bill Kemmery 0400 122 449









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