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Source Exploration Corp Consolidates Its Interest In The San Acacio Silver Project, Zacatecas, Mexico
Source Exploration Corp Consolidates Its Interest In The San Acacio Silver Project, Zacatecas, Me...
About this update from Mexican Gold Mining Corp.
[{"type":"text","content":"Source Exploration Corp Consolidates Its Interest In The San Acacio Silver Project, Zacatecas, Mexico\n\n\n\nSource Exploration Corp Consolidates Its Interest In The San Acacio Silver Project, Zacatecas, Mexico\n\nThunder Bay, Ontario CANADA, December 03, 2008 /FSC/ - Source Exploration Corp. (SOP - TSX Venture), is pleased to announce that it has closed a transaction with Sterling Mining Company (\"Sterling\") and its Mexican subsidiary, Sterling Mining de Mexico S.A. de C.V. to purchase Sterling's remaining interest in the San Acacio silver property in Zacatecas, Mexico and renounce the Earn-In Agreement between the parties.\n\nThe TSX Venture Exchange previously accepted for expedited filing documentation relating to an Assignment of Concession Agreement dated November 6, 2008 between Sterling and Sterling Mining de Mexico S.A. de C.V and Source Exploration Corp and Source's Mexican subsidiary, Roca Verde Exploracion de Mexico S.A. de C.V., pursuant to which Source has acquired a full 100% interest in the Concession Agreement with Minera San Acacio S.A. de C.V., the vendor of the San Acacio Property.\n\nIn consideration, Source has paid US$200,000 and accelerated the release of 2,000,000 common shares from escrow, which were held voluntarily pursuant to the former Earn-In agreement with Sterling which is now superceded.\n\nSource Exploration Corp is a TSX-Venture Company focusing on the acquisition and development of economic silver deposits in Mexico. At present, Source is concentrating on the exploration and development of the past producing San Acacio silver mine in Zacatecas, Mexico and other possible near term cash flow opportunities in Mexico.\n\nThis press release was prepared and approved by Abraham Drost, P.Geo. For more information on Source Exploration, please visit the website at www.sourceexploration.com. \n\nON BEHALF OF THE BOARD OF DIRECTORS\nAbraham Drost, P.Geo. President/CEO\nPh: 807-252-7800 \n\n\nThe TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this news release. Certain terms or statements made that are not historical facts, such as anticipated advancement of mineral properties or programs, productions, sales of assets, exploration plans or results, costs, prices, performance are \"forward-looking statements\" within the meaning of the Private Securities Li...