Aftermath Silver Commences Exploration at San Andres - Grants Stock Options
30 Abril 2014 - 5:37PM
Access Wire
Vancouver, British Columbia /
ACCESSWIRE / April 30, 2014 - Aftermath Silver Ltd. (the "Company" or
"Aftermath Silver") has commenced exploration at the San
Andres silver project in Durango, Mexico (see news release #3 dated
April 10th 2014). The program is being run by Coast
Mountain Geological Ltd who have previous involvement on the
project and were the team behind the original work that opened up
the old mine workings. They will be accompanied during this program
by Doug Ramshaw, CEO of Aftermath, as well as the Company's two
Mexican mine site employees.
The program will be completed in May
with results expected in June and July.
In addition, the Company has
cancelled a total of 1,085,000 options that were outstanding to
past management and consultants no longer with the Company and
granted 3,465,000 new stock options to Directors, Consultants and
employees of the Company exercisable at a price of $0.15 for a
period of 5 years.
About San
Andres
The San Andres project is located in
Durango State, Mexico and lies approximately 8 km to the east of
Chesapeake Gold's Metates deposit (resources of 526 Moz Ag, 18.5
Moz Au and 4.2 B lbs of zinc) and 6.5 km south of the
privately-owned and operated 1,200 tpd San Miguel del Cantil Au-Ag
mine.
San Andres is fully permitted with
an existing 300 tpd mill and camp facility on site. With the
exception of investment in the mill and the granting of the permits
to commence mining (2006-), the project has been largely untouched
by modern exploration since historic mining operations ceased in
1915 at the time of the Mexican Revolution. According to historic
Mexican Government records (which
have not been independently verified and thus should not be relied
on) 17 Moz of silver were produced from 1890-1915. The mine
is not currently in operation remaining on care and
maintenance.
The 2014 field program is
being performed under the supervision of Adrian Fleming MAusIMM(CP), RPGeo, Director of
Aftermath Silver and a Qualified Person as defined by NI 43-101.
Mr. Fleming prepared and reviewed the technical information in this
news release on behalf of Aftermath Silver.
ON BEHALF OF THE BOARD
OF DIRECTORS
"Doug Ramshaw"
Doug Ramshaw
President & CEO
604-484-7855
Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Certain disclosure in this release, including
statements regarding the intended use of proceeds from the private
placement, constitute forward-looking information or statements
(collectively, "forward-looking statements") for the purpose of
applicable securities laws. In making the forward-looking
statements, the Company has applied certain factors and assumptions
that are based on the Company's current beliefs as well as
assumptions made by and information currently available to the
Company, including that the Company is able to obtain any
government or other regulatory approvals required to complete the
Company's planned exploration and development activities, that the
Company is able to procure personnel, equipment and supplies
required for its exploration and development activities in
sufficient quantities and on a timely basis and that actual results
of exploration activities are consistent with management's
expectations. Although the Company considers these assumptions to
be reasonable based on information currently available to it, they
may prove to be incorrect, and the forward-looking statements in
this release are subject to numerous risks, uncertainties and other
factors that may cause future results to differ materially from
those expressed or implied in such forward-looking statements. Such
risk factors include, among others, that the Company will be unable
to obtain required regulatory approvals on a timely basis or at
all, that actual results of the Company's exploration activities
will be different than those expected by management and that the
Company will be unable to obtain or will experience delays in
obtaining any required government approvals or be unable to procure
required equipment and supplies in sufficient quantities and on a
timely basis. Readers are cautioned not to place undue reliance on
forward-looking statements. The Company does not intend, and
expressly disclaims any intention or obligation to, update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
law.
Not for dissemination in the
United States or through U.S. newswires
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