ALM.V Signs Definitive Agreement to Acquire Claims Contiguous With Agnico-Eagle's Las Bolas Property and Fresnillo's Orisyvo Discovery Mexico...

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[{"type":"text","content":"\nALM.V Signs Definitive Agreement to Acquire Claims Contiguous With Agnico-Eagle's Las Bolas Property and Fresnillo's Orisyvo Discovery Mexico...\n\n(via Thenewswire.ca)\n \n \nVANCOUVER, British Columbia: ALLIANCE MINING CORP (ALM: TSX.V), is pleased to announce that further to its news release on November 1, 2012, it has completed an option agreement with a private Canadian company to acquire 22 mineral claims totaling nearly 50 square kilometres (4,872 hectares) primarily in the Uruachic district of northwestern Mexico. The land package puts Alliance in the heart of a prolific gold exploration area and includes the closest privately held claims, within four kilometres, to Fresnillo PLC's important Orisyvo discovery (www.fresnilloplc.com). Fresnillo is the second-largest gold producer in Mexico and the world's largest primary silver producer. One of Alliance's properties is contiguous to the southern boundary of the Las Bolas Gold-Silver Property on which Agnico-Eagle Mines (AEM, TSX) recently completed a drill program. \n\n\n \nDue to the extensive exploration activity surrounding the properties, massive infrastructure upgrading is in occurring in the area. Virtually all land in the region has now been staked and the Company is pleased to have acquired an extensive strategic position in an such an active and sought after area. Alliance field crews have been sent to conduct preliminary exploration of the properties and develop a exploration program for the new year. \n\n\n \nThe Deal:\n\n \n \nUnder the terms of the binding Letter of Intent, Alliance, as operator, can acquire a 100% undivided interest by making cash payments of $1,000,000 over four years and issuing shares worth $1,000,000 over four years and the vendor will retain a 1% net smelter royalty.\n\n \n \n About Alliance Mining: \n\n\n \nAlliance mining has been focused on acquiring and delineating highly prospective gold and silver mineral properties in Arizona's most prolific gold producing area - Yavapai County, located in central Arizona. The Company has built up an extensive inventory of geologically significant properties, most of which have had gold and silver production in the past century.\n\n \n \nON BEHALF OF THE BOARD \n\n \n \n\"Chris Anderson \" \n\n \n \nMr. Christopher R Anderson, \n\n\n \nCEO, President, Director \n\n \n \nFOR FURTHER INFORMATION P...

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