Minfocus Exploration Signs Agreement With Red Rock First Nation Band
25 Giugno 2012 - 2:00PM
Marketwired Canada
Minfocus Exploration Corp. (TSX VENTURE:MFX) ("Minfocus") is pleased to announce
that the company has signed an agreement with Red Rock Band of Lake Helen
Reserve #53A confirming the intent of both parties to work toward a Memorandum
of Understanding ("MOU") relating to opportunities for the Red Rock Indian Band
to benefit from exploration, development and mineral production work that might
result from the exploration activities of Minfocus within their traditional
territory.
The Red Rock Indian Band has acknowledged that Minfocus has the right to carry
out exploration activities while they work towards an MOU. Minfocus and Red Rock
Indian Band also intend to look for opportunities for employment of Red Rock
Indian Band community members and contractors for Minfocus activities on the
Band's traditional territory.
About Minfocus Exploration Corp.
Minfocus Exploration Corp. is a Canadian company currently focused on the
continued growth of a portfolio of Platinum Group Element ("PGE") rich resource
assets through exploration, acquisitions and joint ventures in Northwest
Ontario, Canada, which is one of the most stable mining districts in the world
with global class PGE deposits. Minfocus has a distinguished management group
with a record of multiple discoveries of deposits worldwide, and more than 15
years experience and success exploring for PGE-rich resources in Ontario,
including the discovery of the first Platinum- rich PGE deposit, the Magma
Metals' Current Lake deposit (+700,000 oz Pt-Eq). The Minfocus management group
also has extensive strength and success in corporate development, M&A and
project development, which together with its technical prowess is aimed at
delivering growth in shareholder value through a balanced strategic approach.
The Qualified Person who has reviewed and approved the technical content
contained in this release is Dr. Gerald Harper, P.Geo.(Ont).
This press release includes certain forward-looking statements concerning the
future performance of the Company's business and operations as well as
management's objectives, strategies, beliefs and intentions. Forward-looking
statements are often identifiable by the use of words such as "may", "will",
"might", "would", "plan", "believe", "expect", "anticipate", "intend",
"estimate", "scheduled", "forecasts" and similar expressions or variations
(including negative variations) of such words and phrases. Forward- looking
statements are based on the current opinions and expectations of management, and
are subject to a number of risks and uncertainties that may cause actual
results, performance or achievements of the Company to be materially different
from those currently anticipated by such statements. Factors that could cause
actual results or events to differ materially from current expectations include,
among other things, the possibility that future exploration results will not be
consistent with the Company's expectations, fluctuating commodity prices, delays
in commencing the Company's proposed drilling program, exploration costs varying
significantly from estimates, the availability of financing, and other risks
identified in the Company's documents filed with the
Canadian securities regulatory authorities at www.sedar.com. Any forward-looking
statement speaks only of the date on which it is made, and except as may be
required by applicable securities laws, the Company disclaims any intent or
obligation to update any forward-looking statement.
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