Vancouver, British Columbia--(Newsfile Corp. - February 26, 2019) - Miramont Resources Corp. (CSE: MONT) (OTCQB: MRRMF) (FRA: 6MR) ("Miramont" or the "Company") is pleased to announce that it has signed an option agreement to acquire the An An concession adjacent to its existing Cerro Hermoso project. Miramont has now consolidated a total of 1886 hectares at the project with the addition of this 568 ha. concession.
The An An concession borders the existing Cerro Hermoso concession block on its southeast boundary. The exploration potential of this new concession is considered excellent given its proximity to the magmatic dike zone and magnetic anomaly.
The option is valid for four years. Under the terms of the agreement Miramont must make the following payments to acquire 100% of the concession:
US$30,000 on signing (paid)
US$20,000 on 6 month anniversary
US$60,000 on 24 month anniversary
US$500,000 to exercise option to purchase (48 months)
There is no residual royalty.
The initial drilling campaign has begun at the Cerro Hermoso project. Miramont is testing its three priority targets known as the Stockwork Zone, the Central Breccia Zone and the Carbonate Replacement Zone. Drilling on the newly acquired An An concession will require further permitting and will not be included during the current program. The Company anticipates initial drilling results in the near-term. Further information on Cerro Hermoso can be found on the Company's website.
National Instrument 43-101 Disclosure
The technical content of this news release has been reviewed and approved by Mr. William Pincus, CPG, President and CEO of Miramont and a Qualified Person as defined by National Instrument 43-101.
About Miramont Resources Corp.
Miramont is a Canadian based exploration company with a focus on acquiring and developing mineral prospects within world-class belts of South America. Miramont's two key projects are Cerro Hermoso and Lukkacha, both located in southern Peru. Cerro Hermoso is a diatreme-hosted copper dominant polymetallic prospect. Lukkacha is a classic copper-porphyry prospect.
On behalf of the Board of Directors,
MIRAMONT RESOURCES CORP.
William Pincus, President and CEO
For more information, please contact the Company at:
Telephone: (604) 398-4493
This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
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