Mining Operations Continue to Increase Despite Recent Gold Price Fluctuations - Seite 2

Terms of the L.O.I. are as follows: 

(i) Paying the Vendors $35,000 within 24 hours of signing this LOI;

(ii) Issuing 2.5 million shares of Rosita Mining upon receiving regulatory approval;

(iii) Vendors retains a 2% Net Smelter Royalty on the property. Rosita will have the the right to buy ½ (1%) of the royalty for 1% at any time for CAN$1 million;

(iv) Reimbursing the Vendors for additional out of pocket staking costs.Read this and more news for Rosita Mining Corporation at: http://www.marketnewsupdates.com/news/rst.html

In other recent drilling developments from around the markets:  

Sokoman Iron Corp. (TSX-V: SIC.V) (OTC: GDNDF) has received assay results from drilling recently completed at the Moosehead gold project in central Newfoundland. The company has completed a total of 1,970.5 metres in 15 holes (as proposed in its phase 1 program). Assay results have been received for the first three holes and the results confirm that the company has made a high-grade discovery in an area with little previous drilling. The company's first hole, MH-18-01, intersected a mineralized zone that returned 11.9 metres of 44.96 grams per tonne gold (109 metres to 120.9 metres).

Aben Resources Ltd. (TSX-V: ABN.V) (OTC: ABNAF) recently announced that assay results from the first drill hole of 2018 have been received with multiple high-grade zones and precious metal values intersected in the hole at shallow depths. Drill hole FK18-10 was collared in the North Boundary Zone of the Forrest Kerr Property in BC's Golden Triangle region where drilling late in the season in 2017 discovered strong precious and base metal mineralization. Hole FK18-10, the first of eight holes that have been drilled thus far, has four separate high-grade zones with the best zone returning and interval of 38.7 g/t Au over 10.0m including 62.4 g/t Au over 6.0m starting at 114 metres downhole. Jim Pettit, President and CEO of Aben Resources stated, "The high-grade gold and base metal values in the first hole of the 2018 drill program have far exceeded our expectations and confirm the presence of a robust and strong mineralizing system at the recently discovered North Boundary Zone. We are now looking at an area that extends 230m south to the historic high-grade Noranda drill hole from 1991 and although the geology is complex we believe more drilling will delineate additional high-grade mineralization.