Stina Resources Ltd. has entered into negotiations with the Zurich Gold Finance Corp. to acquire an indirect 90-per-cent interest in an exploration licence for a property located in Balochistan province of Pakistan. The licence is for the exploration of copper, gold, lead, zinc, silver, platinum group metals, molybdenum and associated metallic minerals in the district of Chagai, Balochistan.
The property for which the licence is applicable lies to the north of the Sor Boroot property and to the northeast of the Reko Diq property, both located in the district of Chagai, Balochistan, Pakistan. The Reko Diq property is part of the Tethyan magmatic arc, extending through central and southeast Europe, containing a wealth of large copper-gold ore deposits of varying grades. The eastern and central sections of the belt are well recognized, hosting world-class mineralization. The Tethyan mineral belt hosts major porphyry copper-related mineralization, particularly at the Saindak mine 30 kilometres west of the property under consideration. The project area is road accessible. Stina will conduct due diligence to determine the potential of the property, as well as confirm details of the exploration licence.
Stina Resources looks forward to working with Zurich Gold in examining the licence and property, and the possibility of formulating an agreement between the two parties.
Source: Stock Watch
