Monte Cristo Resources Limited
Monte Cristo Resources Limited: Monte Cristo Resources Retains Jervis Explorations
Monte Cristo Resources Limited / Key word(s): Miscellaneous Monte Cristo Resources Retains Jervis Explorations March 13th, 2012 (EquityStory AG) – Monte Cristo Resources Limited (MCD:FSE) (‘Monte Cristo’ or the ‘Company’) is pleased to report that the Company has entered into an agreement with Jervis Explorations, Inc. to conduct an extensive work program on the Bristol Gold Property, Monte Cristo’s gold and silver project which covers over 245 hectares on the south shore of Carpenter Lake in the historic Bridge River Gold Camp of central British Columbia. The Bridge River Gold Camp is host to over 70 mining operations including the Bralorne-Pioneer Mine, the largest gold producer in British Columbia and the sixth largest gold producer in Canada with total output of over 4,150,000 ounces of gold and more than 950,000 ounces of silver. The work program to be conducted by Jervis will focus on construction of a control grid, geological mapping and rock sampling, a soil and silt geochemical sampling program, geophysical surveys, and trenching. Based on a compilation of these results, a diamond drill program will be designed to explore and define the potential resources on the Bristol Gold Property. Rodger Cowan, the President of Monte Cristo Resources commented that, ‘we are excited with the prospect of working with Jervis Explorations in developing the Bristol Gold Property. Jervis has a strong data base of its own and the local knowledge that we need to guide Monte Cristo in this last work program required to gather the balance of the data needed to identify the parameters of the drilling program that we are planning for later in the summer. While we are confident in what we have seen to date at Bristol, we recognize that the only way to prove reserves is by the drill and, ultimately, the key to building shareholder values is in proving up those reserves.’ About Monte Cristo Resources Limited Monte Cristo Resources Limited (‘Monte Cristo’) was formed to identify strong exploration or development projects in proven mining camps located in areas of relative political stability. The management of Monte Cristo is primarily focused on building reserves and utilizing positive cash flow to internally finance the development of prospects on a basis that avoids the undue issuances from treasury that impact negatively on earnings. On behalf of the Board of Directors Monte Cristo Resources Limited E-mail: info@montecristo.ca Website: www.montecristo.ca FORWARD-LOOKING STATEMENTS Statements in this document which are not purely historical are ‘forward-looking statements’, including any statements regarding the intent, belief or current expectations of Monte Cristo Resources Limited and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Forward looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as updates may be required by applicable law. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Although the Company believes that the plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that those plans, expectations or intentions will prove to be accurate. Investors should consider all of the information provided in this press release within the context of the caveat implied in this information with respect to forward looking statements. End of Corporate News 13.03.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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