Business
Licenses acquired in historical Gold region of Colombia
Apr. 20, 2011 (Canada NewsWire Group) -- TSX-V: MGC VANCOUVER, April 20 /CNW/ - The Compa...
About this update from Spartan Metals Corp.
[{"type":"text","content":"\n\n\n Apr. 20, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTSX-V: MGC\n\n\nVANCOUVER, April 20 /CNW/ - The Company (MIDASCO CAPITAL CORP. - TSX-V Symbol MGC) has entered into a definitive agreement with two private Colombian\n individuals (the "Titleholders") to purchase 100% interest in seven (7)\n mineral licenses covering approximately 10,878 hectares in the southern\n portion of the State of Bolivar, Colombia.\n\n\nSouthern Bolivar is located on the Serrania de San Lucas, the northern\n foothills of the Cordillera Central of Colombia and has geological\n continuity with the mining districts of north-eastern Antioquia.\n Southern Bolivar is recognized as an important mining district, with\n more than 10,000 mines and artisanal operations.\n\n\nSeveral active mines are mining on mineralized structures that are known\n to continue onto several of the licenses to be held by the Company. The\n area surrounding these licenses has an extensive history of vein-type\n as well as alluvial gold mining.  No systematic exploration has ever\n been carried out over the area.\n\n\nUnder the purchase agreement the Company is required to pay the\n Titleholders the sum of US$351,354 under the following schedule:\n\n\n\nthe sum of US$175,677 upon registration of 100% rights to the titles in\n the name of the Company and registered under the National Mining\n Register.\n\n\nthe sum of US$175,677 one year following the date of execution of this\n definitive agreement.\n\n\n\n...