New Destiny Signs LOI With Central America Mining
24 April 2014 - 3:30PM
Marketwired
New Destiny Signs LOI With Central America Mining
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 24, 2014) - New
Destiny Mining Corp. (TSX-VENTURE:NED) ("New Destiny") (the
"Company") is pleased to announce that it has entered into a
non-binding letter of intent (the "LOI") with Central America
Mining Inc. ("CAM") with respect to their 100% owned Fuente De Oro
property ("Property") in Libertad district of Nicaragua.
As per the terms of the LOI New Destiny will pay a
non-refundable $15,000.00 USD cash deposit, which should New
Destiny and CAM reach a definitive agreement will be included in
the purchase/option price. The LOI is intended to serve as a basis
for the completion of due diligence on the Property, including an
independent NI 43-101 compliant technical report and review of a
title opinion. The LOI has a drop dead date of July 24th, 2014.
The Fuente De Oro property encompasses 8570.36 hectares of
mineral rights which is considered prospective for gold and silver
and is located less than 10 km's away from B2Gold's 100% owned La
Libertad open pit gold mine. The La Libertad mine 2013 projection
was to produce approximately 131,000 to 137,000 ounces of gold with
an operating cash cost of approximately $560 to $590 per ounce
(http://www.b2gold.com/projects/nicaragua/lalibertadmine.html).
About New Destiny Mining Corp.
New Destiny Mining Corp. is a mineral exploration company
engaged in the business of acquiring, exploring and evaluating
natural resource properties. Information regarding the Company and
its projects is available on the Company's website at
www.newdestinymining.com and under the Company's profile at SEDAR
(www.sedar.com).
ON BEHALF OF THE BOARD OF DIRECTORS
Robert L. Birmingham, President
NEITHER TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICE
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX-VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
New Destiny Mining Corp.(778) 331-2025(604) 683-5309
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