VANCOUVER, April 3, 2013 /CNW/ – Catalyst Copper Corp. (“Catalyst”) announces Minera Torre de Oro SA de CV (“Teck”) and Minera Hill (Catalyst) have made substantial progress on the form of Definitive Agreement pursuant to which Teck would be willing to sell its interest in the La Verde property to Catalyst. In order to complete their negotiations the parties have agreed to extend the deadline for execution of a Definitive Agreement from April 2, 2013 to April 10, 2013.
About La Verde
La Verde is located in an area with excellent infrastructure: Power, rail and water. Lazaro Cardenas, Mexico’s third largest port on the Pacific Ocean is 180 km from the site. Significant upside potential remains for the two known zones of porphyry style copper, gold and silver mineralization as drill programs have shown both deposits remain open to depth and along strike.
ON BEHALF OF THE BOARD OF DIRECTORS OF CATALYST COPPER CORP.
“John W. Greenslade”
John W. Greenslade – President, CEO (Director)
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.