Cougar Minerals Corp. Seeks Listing on Santiago Stock Exchange
15 April 2014 - 3:00PM
Access Wire
WINNIPEG, CANADA / ACCESSWIRE / April 15, 2014 - Cougar Minerals
Corp. - TSX-V: COU ("Cougar" or "the "Company") is pleased to
announce that its Board of Directors has given the Company approval
to seek a listing on the Bolsa de Valores de Santiago (Santiago
Stock Exchange) ("BVS") in addition to the Company's current
listing on the TSX Venture Exchange.
On March 3rd, 2014, the Santiago Stock Exchange entered into an
agreement with the TSX Venture Exchange (TSX-V), a subsidiary of
the TMX Group Limited, that will lead to the creation of a new
venture exchange division of the Santiago Stock Exchange, called
the Santiago Stock Exchange, Venture.
The Santiago Stock Exchange, Venture will initially focus on
capital formation for small and medium enterprises (SMEs) in the
mining sector. This will strengthen and create a strong connection
between the mining industry and the Chilean capital market.
Murray Nye, President and CEO said, "The Company welcomes this
opportunity to increase our investor base as Chile is a country
with a long mining tradition and sophisticated investors."
Minera Cougar Chile SpA, Cougar's wholly-owned Chilean
subsidiary, holds options to the Tres Amantes and San Antonio
properties which are comprised of two groups of contiguous
concessions with a total area of 187 hectares. The properties are
located in Chile's Atacama Region, about 38 kilometers south of
Copiapo, and are accessible by paved road. The properties lie in
northern Chile's Cretaceous Metallogenic belt, 23 km
south-southwest of the Candelaria copper-gold mine (Freeport
McMoRan, 2012 reserves of 4.2 billion pounds of copper and 1.2
million ounces of gold - footnote 1), and 12 km north-northeast of
the historic Chanarcillo Mine which produced more than 100 million
ounces of high-grade silver in the mid-1800s (footnote 2).
Note that the information about the Candelaria and Chanarcillo
Mines has not been verified by the Company's Qualified Person, and
the information about these two properties is not necessarily
indicative of the mineralization on the Tres Amantes or San Antonio
properties. There is also no assurance that the Company's shares
will be listed for trading on the Santiago Stock Exchange.
The Tres Amantes and San Antonio mines were both mined for gold
until 1940, after which there has been only small-scale,
intermittent artisanal production. Gold mineralization in the
concessions is found within a near-surface blanket or "manto" along
the contact between limestone and a porphyritic intrusion of
dacitic composition, especially where this contact is intersected
by northwest and northeast-trending structures, which are also
mineralized locally. The mineralization occurs as replacements in
both the limestone and the dacitic intrusive, as well as
disseminations, especially in the intrusive rock (footnote 3).
Mr. Larry Segerstrom, P.Geo and a Director of the Company, is a
Qualified Person as defined by National Instrument 43-101 -
Standards of Disclosure for Mineral Projects, has reviewed and
approved the disclosure of technical information contained in this
news release.
1.Freeport-McMoRan Copper & Gold, 2012 Annual Report, p.
109
2.Sillitoe, Richard H., 2007, "Hypogene Reinterpretation of
Supergene Silver Enrichment
at Chanarcillo, Northern Chile": Economic Geology, Vol. 102, p.
777.
3.Minera Hochschild Chile, 2012, "Informe Final, Proyecto San
Antonio" (internal company report), p. 7-1 to 7-9.
About Cougar Minerals Corp.
Cougar is a junior exploration company focused on the discovery
and development of economic mineral deposits.
Additional information on Cougar Mineral can be found on the
Company's website at www.cougarminerals.com and by reviewing the
Company's page on SEDAR at www.sedar.com.
On behalf of the Board of Directors
COUGAR MINERALS CORP.
s/ "Murray Nye"
Murray Nye
President
For more information, please contact:
Cougar Minerals Corp.
Murray Nye, President/CEO
(204) 989-2434
info@cougarminerals.com
OR
Senergy Communications Inc.
Anthony Zelen, President
(778) 331-2028
Anthony@senergyir.com
Neither TSX Venture Exchange, nor its Regulation Services
Providers (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. The information in this release may
contain forward-looking information under applicable securities
laws. This forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause
actual results to differ materially from those implied in the
forward-looking information.
SOURCE: Cougar Minerals
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