Trading Symbol: CCY
VANCOUVER, March 18 /CNW/ - Catalyst Copper Corp. (the "Company" or "Catalyst") today announced the signing of a surface access agreement between the communal landowners (Ejido) of El Huaco and Minera Hill 29 (a wholly owned subsidiary of Catalyst). The agreement gives Minera Hill 29 unencumbered surface access for a period of four (4) years to the communal lands owned by the people of El Huaco for exploration purposes. The agreement allows the Company to carry out of all exploration activities including, but not limited to, diamond drilling and geophysical surveys. The common ground covers most of the known copper porphyry mineralization located on Minera Hill 29's La Verde property situated in Michoacan State, Mexico.
Surface access was the only obstacle to the start-up of exploration activities on the property. Terry Hodson, VP Exploration stated "We believe the terms of the access Agreement are fair to all stakeholders and will form the basis for mutual cooperation with the local community for the development of the project to the benefit of the Company, the local communities and other stakeholders."
Catalyst has recently hired Alberto Gonzalez Sanchez as its community relations representative in Michoacàn, Mexico. His position will be to maintain and increase public awareness and support for the project and the Company. This goal will be accomplished through improved liaison between the Company and the public and private sectors; as well as providing the community with relevant and consistent information about the project development and timelines.
Catalyst Copper is a Vancouver-based publicly traded mine development company (TSX-V: CCY) that optioned the La Verde copper porphyry target Michoacan, Mexico from a subsidiary of Teck Resources Limited.
ON BEHALF OF THE BOARD OF DIRECTORS OF
CATALYST COPPER CORP.
"Terence W. Hodson"
TERENCE W. HODSON, V.P. EXPLORATION
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, risks associated with mineral exploration and mining activities, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Neither 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.
SOURCE Catalyst Copper Corp.
For further information: For further information: please contact Denby Greenslade, Corporate Secretary, at (604) 638-5900