Business
Centenera Provides Update & Grants Stock Options
(via Thenewswire.ca) Vancouver, British Columbia / TheNewswire / Centenera Mi...
About this update from Latin Metals Inc
[{"type":"text","content":"Centenera Provides Update & Grants Stock Options(via Thenewswire.ca)\n \n \nVancouver, British Columbia / TheNewswire / Centenera Mining Corporation. (the \"Company\" or \"Centenera\") - (TSXV: CT, OTC: ATHCF), is providing an update on the Argentina resource sector and Centenera's plans moving forward. The resource sector in Argentina is showing confidence in the newly elected government with a fundamental change in the investment climate. This can be seen clearly in northwest Argentina with the recently announced acquisition of Goldrock's Lindero Gold Project in Salta Province by Fortuna Silver Mines. Several other projects are attracting significant investment, including the continued drilling of Golden Arrow's advanced Chinchillas Silver Project in Jujuy Province, which is being funded by Silver Standard to evaluate the feasibility of creating a combined mining business with the Pirquitas Mine. \n\n \n \nCentenera recently announced acquisition of the El Quemado Tantalum-Lithium project in Salta Province and closed a fully-subscribed $1.26 million private placement. The Company is well funded and plans to complete geological mapping, prospecting and sampling of the El Quemado project before the end of 2016. This work will allow a full assessment of the former-producing El Quemado project and allow a comprehensive work program to be formulated for 2017.\n\n \n \nThe Organullo gold project has an exploration target tonnage and grade ranging from 600,000 ounces at 0.94 g/t gold and 940,000 ounces at 0.92 g/t gold (details below) and the project requires significant drilling to fully assess the potential extent of gold mineralization. The Company is considering alternatives to allow this evaluation work to proceed while minimising dilution to Centenera shareholders but maintaining a significant interest in the project. \n\n \n \nThe Company is also seeking additional acquisitions and is constantly reviewing data relating to potential acquisitions or business combinations. Gold and lithium continue to be stand-out performers in 2016 and the Company will continue to have a strong focus on precious metals and speciality metals such as lithium. Copper markets have not yet initiated a sustained recovery, but the Company will continue to keep a close eye on potential copper acquisitions as well. \n\n \n \nPursuant to its Stock Option ...