Business
La Quinta receives final approval of acquisition of 7010 square kilometers of gold exploration ground in Congo
LAQ: TSX-V VANCOUVER, June 26 /CNW Telbec/ - La Quinta Resources Corp. ("La Quinta" or, the "Comp...
About this update from Black Mammoth Metals Corporation
[{"type":"text","content":"\n\n\n\nLAQ: TSX-V\n\n\nVANCOUVER, June 26 /CNW Telbec/ - La Quinta Resources Corp. ("La Quinta"\nor, the "Company") (TSX-V: LAQ) of Vancouver, British Columbia is pleased to\nannounce that the TSX Venture Exchange has now approved the completion of the\nExploration and Option and Joint Venture agreements signed on April 23rd 2008\nbetween the Company and Wa Balengela Kasai Investments (Congo) sprl (See Press\nRelease No. 08-06 dated April 23rd, 2008.) The Exploration and Joint venture\nagreements between WBK and the Company cover a total of 32 Permis de Recherche\ngranted to WBK by the Democratic Republic of Congo's Mining Registry, Cadastre\nMinier, on March 10th 2008. The 32 Permits cover a total of 7,010 square\nkilometers of gold exploration ground on the Maniema South Kivu Gold belt\nbetween and abutting the Lugushwa and Namoya multi million ounce properties of\nBanro Corporation (TSX:BAA)\n\n\nMr. Malcolm Swallow, the Company's Chairman and CEO commented, "We are\ndelighted to finally complete theses Entry, Option and Joint Venture\nAgreements and to obtain TSXV approval for the transaction. We, and our\npartners Wa Balengela Kasai have been working on this transaction for almost\ntwo years, including, clearing the title and obtaining the final signed Permis\nde Recherche, before we could finally sign and complete the transaction. The\nhighly prospective nature of the ground in a well known and readily identified\ngold belt with two major discoveries by others in the area, has lead to a\nhighly competitive and difficult title exercise and makes it doubly satisfying\nto finally complete the acquisition for the Company.\n\n\nWe have an experienced and extensive set up in DRC led by Michel Cormier,\nP.Geo, the Company's President and COO, who is a known mine finder in Africa\nand an experienced explorationist and this means that we can get off to an\nearly and rapid start to our exploration efforts, using our existing team of\ngeologists and support personnel and aided by WBK. We look forward to a rapid\nand effective exploration program working on two fronts to explore this\nextensive gold belt."\n\n\nAbout La Quinta Resources Corp.\n\n\nLa Quinta is a publicly held Canadian natural resource mining company\nfocused on exploring for precious metals principally in Democratic Republic of\nthe Cong...