405 0 Kommentare Eloro Resources and Cott Oil and Gas Sign Definitive $5 Million Option Agreement for a 25% Interest in La Victoria Project, Peru - Seite 2

The Definitive Agreement is subject to, in the case of Cott, the approval of the ASX Limited and if applicable, the shareholders of Cott.

About Eloro Resources Ltd.

Eloro is an exploration and mine development company which holds a 100% undivided interest in the La Victoria Gold/Silver Project, located in the prolific North-Central Mineral Belt of Peru. The La Victoria Gold/Silver Project covers 80.4 square kilometers and is within 50 km of several large, low-cost producing gold mines, with three producers visible from the property. Infrastructure in the area is good with access to road, water, and electricity and is located at an altitude that ranges from 3,100m to 4,200m above sea level. Eloro also holds a portfolio of gold and base-metal properties in northern and western Quebec.

About Cott Oil and Gas Limited

Cott is an ASX publicly-listed company that sold its oil and gas interests in late 2016 and has since been looking to diversify into the mineral resource sector. The Chairman of Cott, Mr. Stephen Dennis, has been actively involved in the mining industry for over 30 years and is also Chairman of several listed resource companies in Australia. Mr. Dennis was for 8 years, up to 2015, Managing Director and CEO of CBH Resources Limited, a significant producer of silver, lead and zinc, which is the Australian-based subsidiary of Toho Zinc Co. Ltd., a Japanese company listed on the Tokyo Stock Exchange.

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