Darwin acquires interest in Ayacucho properties Peru
24.04.2013 | CNW
VANCOUVER, April 24, 2013 /CNW/ - Darwin Resources Corp ("Darwin" or the "Company") (TSXV:DAR) (OTCPK:DARWF) (Frankfurt: DWU): The Company is pleased to announce that it has acquired, via staking, a 50% interest in three mining claim applications in the Department of Ayacucho, Peru. Darwin will form a joint venture with its staking partner and the joint venture will be known as the Parihuana project.
The properties were staked simultaneously after the area became available on January 2, 2013. As there were no other competitors on the majority of the staked area and rather than compete at an auction, the Company and its staking partner agreed to collaborate in a 50:50 joint venture. A management committee will be formed, and will approve work programs and budgets.
The Parihuana project is located in the Province of Parinacochas, Department of Ayacucho. The project consists of 1,500 hectares and is prospective for gold - copper skarn, porphyry and vein style mineralization. A number of artisanal gold and copper mines are known in the general region. Reconnaissance mapping and sampling of the properties is underway.
The qualified person, Dr Graham Carman, Darwin's President and CEO, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the contents of this release.
Darwin Resources Corp.:
Darwin (TSXV:DAR) (OTCPK:DARWF) (Frankfurt:DWU) is a resource acquisition and development company, with a focus on the exploration of the Suriloma epithermal gold property in the Department of La Libertad, northern Peru.
On behalf of the Board,
"Graham Carman"
Dr Graham Carman, President & CEO
Forward Looking Statements This Company News Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, failure to successfully complete intended financings, capital and other costs varying significantly from estimates, production rates varying from estimates, changes in world metal markets, changes in equity markets, uncertainties relating to the availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates or metal recoveries, success of future development initiatives, competition, operating performance, environmental and safety risks, delays in obtaining or failure to obtain necessary permits and approvals from local authorities, and other development and operating risks. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Although Darwin believes that assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.
Investor Information
Darwin Resources Corp.
Mariana Bermudez
+1 (604) 685 9316
Email: info@darwinresources.com
www.darwinresources.com
1305 - 1090 West Georgia St.
Vancouver, BC, V6E 3V7
The properties were staked simultaneously after the area became available on January 2, 2013. As there were no other competitors on the majority of the staked area and rather than compete at an auction, the Company and its staking partner agreed to collaborate in a 50:50 joint venture. A management committee will be formed, and will approve work programs and budgets.
The Parihuana project is located in the Province of Parinacochas, Department of Ayacucho. The project consists of 1,500 hectares and is prospective for gold - copper skarn, porphyry and vein style mineralization. A number of artisanal gold and copper mines are known in the general region. Reconnaissance mapping and sampling of the properties is underway.
The qualified person, Dr Graham Carman, Darwin's President and CEO, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the contents of this release.
Darwin Resources Corp.:
Darwin (TSXV:DAR) (OTCPK:DARWF) (Frankfurt:DWU) is a resource acquisition and development company, with a focus on the exploration of the Suriloma epithermal gold property in the Department of La Libertad, northern Peru.
On behalf of the Board,
"Graham Carman"
Dr Graham Carman, President & CEO
Forward Looking Statements This Company News Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, failure to successfully complete intended financings, capital and other costs varying significantly from estimates, production rates varying from estimates, changes in world metal markets, changes in equity markets, uncertainties relating to the availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates or metal recoveries, success of future development initiatives, competition, operating performance, environmental and safety risks, delays in obtaining or failure to obtain necessary permits and approvals from local authorities, and other development and operating risks. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Although Darwin believes that assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.
Investor Information
Darwin Resources Corp.
Mariana Bermudez
+1 (604) 685 9316
Email: info@darwinresources.com
www.darwinresources.com
1305 - 1090 West Georgia St.
Vancouver, BC, V6E 3V7