Darien Announces Option to Purchase Cristal Copper Project in Chile

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[{"type":"text","content":"Darien Announces Option to Purchase Cristal Copper Project in ChilePlans Name Change to New Energy Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - March 1, 2018) - Darien Resource Development Corp. (TSXV: DRR) (\"Darien\" or the \"Company\") announces that it has entered into an agreement (the \"Agreement\") to acquire a 100% interest in the Cristal project (the \"Project\") located in northern Chile. The Project, situated in a region with excellent access and infrastructure, and in a geologic setting that is noted for the occurrence of world class copper deposits, is considered prospective for the potential discovery of a buried porphyry copper deposit. Darien's President and Chief Executive Officer, Grant Ewing, said \"The Cristal project is highly prospective for the discovery of a buried porphyry copper deposit in a region and geologic setting well known for hosting some of the world's most prolific copper mines. The Company is now well capitalized to initiate exploration of the Cristal project, and continue to pursue other attractive opportunities in strategic commodities. Darien intends to further focus on opportunities in Chile.\"The Company is also pleased to announce that it plans to change its name to \"New Energy Metals Corp.\". The Company has reserved the new name with the British Columbia corporate registry and anticipates completing the name change prior to the end of March 2018. Cristal Project HighlightsThe West Fissure and related structures that host many significant porphyry copper deposits in Chile trend trough the Project area, and northwest of the Project area, the Incapuquio fault system in Peru hosts additional significant porphyry copper deposits similar to those of northern Chile. These two important fault systems are projected to intersect near the Project area and provide a geologic environment favorable for the occurrence of buried porphyry deposits.Early exploration work in the Project area was conducted by various exploration companies in the 1990's, with the first significant work on the Project conducted by BHP Billiton (\"BHP\") under an option agreement in 2012. BHP conducted airborne magnetics, gravity, and EM studies, and limited drilling, and terminated the option in 2014. In the BHP summary report, it was stated that an enhancement of the magnetics data had identified a 2-3km di...

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