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     306  0 Kommentare Northern Empire Acquires El Reventon Silver Project, Mexico

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 22, 2014) - THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

    Northern Empire Resources Corp. (TSX VENTURE:NM) ("Northern Empire"), a mineral exploration company following the "Project Generator" business model, announces that it has entered into an Assignment Agreement with Northair Silver Corp. ("Northair") and its wholly owned Mexican subsidiary to acquire certain mineral claims in the Mexican State of Durango, referred to as the El Reventon silver project ("El Reventon" or the "Project").

    Subject to an Assignment Agreement dated December 19, 2014, Northair agreed to assign and transfer to Northern Empire (the "Assignment") its 100% interest in three mineral concessions comprising the Project. In consideration of the Assignment, Northern Empire has agreed to pay Northair the sum of C$10,000; issue to Northair 200,000 common shares in the capital of Northern Empire; and grant Northair a one percent (1%) net smelter royalty from any future production on the Project. Northern Empire shall be entitled at any time to buy-back the full net smelter royalty by paying to Northair C$1,000,000.

    The closing of the Assignment shall be subject to receipt of all necessary regulatory approvals including the acceptance of the TSX Venture Exchange.

    Northern Empire's Chairman, John Robins stated, "the signing of the agreement for El Reventon is consistent with our Project Generator business model to expand our portfolio with low acquisition and holding cost projects, which offer considerable exploration potential."

    About El Reventon

    The El Reventon silver project, is located in Durango State, Mexico and is comprises of three contiguous mineral concessions with a combined area of 3436 hectares. El Reventon is road accessible, approximately 170 kilometres northwest of the capital city of Durango.

    Results announced from previous exploration work revealed the presence of a number of high grade silver-lead-zinc vein systems as well as the potential for other bulk tonnage deposits.

    Multiple targets warrant testing within the El Reventon Project, including the Reventon Breccia, where drill results announced in 2007 and 2008 included: 155.4 metres of 71.3 g/t silver, 0.46% lead and 0.61% zinc from hole RC-08-08; and 22.9 metres of 287 g/t silver, 1.39% lead and 3.48% zinc from hole RC-08-13. See Northair's SEDAR profile to review releases dated June 25, 2008, October 31, 2012, and September 16, 2013.

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    Northern Empire Acquires El Reventon Silver Project, Mexico VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 22, 2014) - THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Northern Empire Resources Corp. (TSX VENTURE:NM) ("Northern Empire"), a …