Actus Minerals Property Acquisition
26 April 2011 - 11:30PM
Marketwired
Actus Minerals Corp. (TSX VENTURE: AAC) (the "Company") is pleased
to announce that it has entered into an option agreement with
Antoro Resources Inc., to acquire a 75% interest in 2 claim blocks
comprised of a total of 37 designated claims covering an area of
578.76 hectares. The property, known as the Golden Knight project
is located in the Casa Berardi township of Quebec, (the
"Property"). Actus' Casa Berardi project now covers in excess of
8,497 hectares or 84.97 square kilometres immediately surrounding
Aurizon Mines' Casa Berardi mining operation.
Pursuant to the terms of the option agreement, and subject to
regulatory acceptance, the Company can acquire a 75% interest in
the Property by expending $150,000 in exploration expenditures and
issuing an aggregate of 500,000 shares over a two year period. The
property is subject to an aggregate 2.5% percent net smelter return
royalty ("NSR") held by two separate parties. The Company may at
any time acquire half of one percent (0.5%) of the NSR for a one
time payment of $1,000,000 to one of the holders of the NSR.
Additionally, the Company can purchase an additional three quarters
of one percent (0.75%) also for a one time payment of $1,000,000 to
the other NSR holder.
A summer 2011 exploration program will be planned to include an
airborne geophysical survey, geological mapping, geochemistry and
trenching, directed towards drill target definition. This work is
being done in tandem with the work planned on the recently optioned
property from Beaufield Resources Inc. Initially an airborne
geophysical survey will be conducted over both properties and the
resulting data will be analyzed to identify high priority
geophysical targets which will be further explored.
ACTUS MINERALS CORP.
Carl von Einsiedel, President
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Actus Minerals Corp. Investor Relations
604-678-9639
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