VANCOUVER, April 30, 2012 /CNW/ - Cliffmont Resources Ltd. (TSX-V - CMO) is pleased to announce the Company has been granted all necessary permits for its initial exploration drill campaign at the San Luis Project in Huila, Colombia. The Company is planning 5000 metres of diamond drilling which is projected to start in May 2012.
Jeff Tindale, President and CEO, states: "We are very pleased to have received all permits in such a timely manner. As this is the first drilling to take place in the historical mining district we look forward to testing our priority targets."
The San Luis gold project (2,623 hectares) is located in central-south Colombia in the department of Huila, approximately 80 kilometres northwest of the capital city, Neiva. The San Luis project has established infrastructure, including road access, power and water, and is located on the eastern flank of the Central Cordillera at a relatively low altitude ranging from 1,400 metres to 2,100 metres.
This initial drill program is aimed at testing the lateral and depth extension of known mineralized zones and structures in the north-central area of the Company's property and to determine the potential of over 100 veins that are located within a 7km x 3km area.
The Company is also pleased to announce the appointment of Darren Urquhart to Chief Financial Officer.
Mr. Urquhart is a Chartered Accountant with more than 10 years of experience working in both public practice and industry. Mr. Urquhart began his career working as a an audit accountant with Grant Thornton LLP, then later worked as a senior tax accountant with Lohn Caulder Chartered Accountants and most recently served as a consultant to an international private equity company. Mr. Urquhart obtained his Chartered Accountant designation in 2001 and is a member of the Institute of Chartered Accountants of British Columbia. In 1995, Mr. Urquhart obtained his B.A.Sc. (Electrical Engineering) from the University of British Columbia.
The Company wishes to thank Darren Tindale for his contributions and wishes him well in his future endeavours.
For more information on the San Luis Project please visit the Company's website at www.cliffmontresources.com.
ON BEHALF OF THE BOARD
Jeff Tindale, President and CEO
Forward Looking Statements. This Company news release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
"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."
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