Symbol: TSX-V: CDR
MONTREAL, Dec. 8 /CNW Telbec/ - Caldera Resources Inc. (the "Company") announced today that it has completed its sampling program at the Lichkvaz-Tey gold project in Armenia.
As mentioned in the November 17, 2009 news release, the Lichkvaz-Tey gold property has a Soviet-era GKZ mineral resource, categorized as C1 and C2, of 2.781 million tonnes grading on average 6.18 g/t Au, 34.2 g/t Ag and 0.41% Cu. This translates to approximately 553,895 oz of gold, 3 million oz of silver and 25 million pounds of copper.
Under the supervision of Mr. Ricardo Valls, M.Sc., P.Geo, independent geologist for the Company, approximately 400kg of samples were collected and have been packed for shipment from Yerevan, Armenia to SGS Lakefield, Canada. Approximately 340kg of these samples will arrive in Canada within the next 45 days.
The balance of the samples, approximately 60kg, was brought directly to Canada by Mr. Valls, P.Geo. and will be delivered to SGS Lakefield this week. These initial samples will be processed as quickly as possible and concentrates will be sent to our joint venture partner, BacTech Mining Corporation, for bioleaching testing.
Mr. Bill Mavridis, President of the Company stated: "With this initial sampling program now complete we are one step closer to our goal of acquiring the Lichkvaz-Tey polymetallic gold project. The cooperation of the staff of the Ministry of Energy and Mines and the support of the local workforce, made the process almost effortless. We thank the Ministry of Energy and Mines and especially thank Mr. Valls for his excellent work."
About Caldera and the Lichkvaz-Tey gold project
The Company's main business is the acquisition, exploration and development of natural resource properties with a focus on sulphide projects that are amenable to bioleaching. The Company has received permits from the Ministry of Energy and Mines and the Ministry of Nature Protection (Environment) of the Republic of Armenia, for the sampling program, and is continuing the process for the acquisition of the Lichkvaz-Tey gold property.
Certain exploration results referred to herein are historical in nature and were compiled before NI 43-101. Caldera and has not independently analyzed the results of the previous exploration therefore the historical results should not be relied upon. Caldera believes these historical results provide an indication of the potential of the properties and are relevant to ongoing evaluation of the project. Please see news release of November 17, 2009 for additional disclosure.
Additional information related to the Company is filed electronically on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
THIS NEWS RELEASE CONTAINS CERTAIN "FORWARD-LOOKING STATEMENTS". ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT, INCLUDED IN THIS RELEASE INCLUDING FUTURE PLANS AND OBJECTIVES OF CALDERA, ARE FORWARD-LOOKING STATEMENTS THAT INVOLVE VARIOUS RISKS AND UNCERTAINTIES. THERE CAN BE NO ASSURANCE THAT SUCH STATEMENTS WILL PROVE TO BE ACCURATE AND ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SUCH STATEMENTS NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.
SOURCE CALDERA RESOURCES INC.
For further information: For further information: Bill Mavridis President, Caldera Resources Inc., Direct Line: (514) 813-9200; www.calderaresources.com