The Las Garillas property consists of nine exploration concessions totaling 1,900 hectares.
The Las Garillas property covers several large zones of phyllic to silicic hydrothermal alteration and gold-silver bearing epithermal vein systems that encompass an old high-grade, pre-Columbian, gold-silver mining camp. Regionally, it lies on the eastern flank of the central Cretaceous – Palaeocene Porphyry Copper-Gold Belt in a similar, geological – structural setting as the Andacolla gold mine operated by
Recent surface chip sampling by
To earn 51% in Las Garillas, within two years of signing the Agreement, Volos must incur a minimum of
Forward Looking Statements
This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively ‘forward-looking statements’). Generally, forward-looking statements can be identified using forward-looking terminology such as ‘expected’, ‘anticipated’, ‘aims to’, ‘plans to’ or ‘intends to’ or variations of such words and phrases or statements that certain actions, events or results ‘will’ occur. Such forward-looking statements are based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the risk that the new lithium or cesium exploration tender processes does not yield the anticipated benefits to the Company; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects and the COVID-19 pandemic. You are cautioned that the foregoing list of material factors and assumptions is not exhaustive. Although the Company believes that the assumptions and factors on which such forward-looking statements are based upon are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive there from. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.