Source Exploration Corp. Consolidates Its Interest in the San Acacio Silver Project, Zacatecas, Mexicoadmin
SOURCE EXPLORATION CORP. announce that it has closed a transaction with Sterling Mining Company and its Mexican subsidiary, Sterling Mining de Mexico S.A. de C.V., to purchase Sterling’s remaining interest in the San Acacio silver property in Zacatecas, Mexico and renounce the Earn-In Agreement between the parties.
The TSX Venture Exchange previously accepted for expedited filing documentation relating to an Assignment of Concession Agreement dated November 6, 2008 between Sterling and Sterling Mining de Mexico S.A. de C.V. and Source Exploration Corp. and Source’s Mexican subsidiary, Roca Verde Exploracion de Mexico S.A. de C.V., pursuant to which Source has acquired a full 100% interest in the Concession Agreement with Minera San Acacio S.A. de C.V., the vendor of the San Acacio Property.
In consideration, Source has paid US$200,000 and accelerated the release of 2,000,000 common shares from escrow, which were held voluntarily pursuant to the former Earn-In agreement with Sterling, which is now superceded.
Source Exploration Corp. is a TSX-Venture Company focusing on the acquisition and development of economic silver deposits in Mexico. At present, Source is concentrating on the exploration and development of the past producing San Acacio silver mine in Zacatecas, Mexico and other possible near term cash flow opportunities in Mexico.
For more information on Source Exploration, please visit the website at www.sourceexploration.com.