Press Release
Home > Press Release > Marketwire
Source Exploration Corp. Consolidates Its Interest in the San Acacio Silver Project, Zacatecas, Mexico
Font Scale: 
THUNDER BAY, ON -- (Marketwire) -- 12/03/08 -- SOURCE EXPLORATION CORP. ("Source") (TSX-V: SOP) is pleased to announce that it has closed a transaction with SterlingMining Company ("Sterling") and its Mexican subsidiary, Sterling Mining deMexico S.A. de C.V., to purchase Sterling's remaining interest in the SanAcacio silver property in Zacatecas, Mexico and renounce the Earn-InAgreement between the parties.
The TSX Venture Exchange previously accepted for expedited filingdocumentation relating to an Assignment of Concession Agreement datedNovember 6, 2008 between Sterling and Sterling Mining de Mexico S.A. deC.V. and Source Exploration Corp. and Source's Mexican subsidiary, RocaVerde Exploracion de Mexico S.A. de C.V., pursuant to which Source hasacquired a full 100% interest in the Concession Agreement with Minera SanAcacio S.A. de C.V., the vendor of the San Acacio Property.
In consideration, Source has paid US$200,000 and accelerated the release of2,000,000 common shares from escrow, which were held voluntarily pursuantto the former Earn-In agreement with Sterling, which is now superceded.
Source Exploration Corp. is a TSX-Venture Company focusing on theacquisition and development of economic silver deposits in Mexico. Atpresent, Source is concentrating on the exploration and development of thepast producing San Acacio silver mine in Zacatecas, Mexico and otherpossible near term cash flow opportunities in Mexico.
This press release was prepared and approved by Abraham Drost, P.Geo. Formore information on Source Exploration, please visit the website atwww.sourceexploration.com.
ON BEHALF OF THE BOARD OF DIRECTORSAbraham Drost, P.Geo. President/CEOPh: 807-252-7800
The TSX Venture Exchange has not reviewed and does not acceptresponsibility for the accuracy of this news release. Certain terms orstatements made that are not historical facts, such as anticipatedadvancement of mineral properties or programs, productions, sales ofassets, exploration plans or results, costs, prices, performance are"forward-looking statements" within the meaning of the Private SecuritiesLitigation Reform Act of 1995, and involve a number of risks anduncertainties that could cause actual results to differ materially fromthose projected, anticipated, expected or implied. These risks anduncertainties include, but are not limited to; metals price volatility,volatility of metals production, project development risks and ability toraise financing. Certain statements included in this news releaseconstitute "forward-looking information" within the meaning of applicablesecurities legislation. All statements, other than statements of historicalfact, included herein are forward-looking statements that involve variousrisks and uncertainties. There can be no assurance that such statementswill prove to be accurate, and actual results and future events coulddiffer materially from those anticipated in such statements.
Distributed by Filing Services Canada and retransmitted by Marketwire
Contact:Abraham Drost, P.GeoPresident/CEOPh: 807-252-7800
In consideration, Source has paid US$200,000 and accelerated the release of2,000,000 common shares from escrow, which were held voluntarily pursuantto the former Earn-In agreement with Sterling, which is now superceded.
Source Exploration Corp. is a TSX-Venture Company focusing on theacquisition and development of economic silver deposits in Mexico. Atpresent, Source is concentrating on the exploration and development of thepast producing San Acacio silver mine in Zacatecas, Mexico and otherpossible near term cash flow opportunities in Mexico.
This press release was prepared and approved by Abraham Drost, P.Geo. Formore information on Source Exploration, please visit the website atwww.sourceexploration.com.
ON BEHALF OF THE BOARD OF DIRECTORSAbraham Drost, P.Geo. President/CEOPh: 807-252-7800
The TSX Venture Exchange has not reviewed and does not acceptresponsibility for the accuracy of this news release. Certain terms orstatements made that are not historical facts, such as anticipatedadvancement of mineral properties or programs, productions, sales ofassets, exploration plans or results, costs, prices, performance are"forward-looking statements" within the meaning of the Private SecuritiesLitigation Reform Act of 1995, and involve a number of risks anduncertainties that could cause actual results to differ materially fromthose projected, anticipated, expected or implied. These risks anduncertainties include, but are not limited to; metals price volatility,volatility of metals production, project development risks and ability toraise financing. Certain statements included in this news releaseconstitute "forward-looking information" within the meaning of applicablesecurities legislation. All statements, other than statements of historicalfact, included herein are forward-looking statements that involve variousrisks and uncertainties. There can be no assurance that such statementswill prove to be accurate, and actual results and future events coulddiffer materially from those anticipated in such statements.
Distributed by Filing Services Canada and retransmitted by Marketwire
Contact:Abraham Drost, P.GeoPresident/CEOPh: 807-252-7800
For more information, go to www.marketwire.com
- Sponsored By
-
Recent Press Release
Advertisement
POS Magnetic Card Readers
Online distributor for point of sale equipment, TYSSO and Pegasus.
