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Dec 10, 2007 - San Anton to Increase Project Ownership | | |
Ottawa, ON - San Anton Resource Corporation (SNN:TSX) announces that it will sole fund the November, 2007 to October, 2008 budget for the San Anton property, located in the state of Guanajuato, Mexico. The property is currently 51 per cent owned by the Company and 49 per cent owned by Goldcorp Inc. Goldcorp has elected not to participate in the 2007/2008 budget and San Anton intends to fund the entire $10.8 million program on its own with the effect that Goldcorp’s interest would be diluted to approximately 34 per cent. The 2007/2008 program will consist of ongoing metallurgical studies, a preliminary assessment and expansion drilling on the Cerro del Gallo deposit, and exploration drilling on other targets on the property. Goldcorp may elect to participate in subsequent programs.
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For further information please contact: Gregory Bowes, President & CEO / Tel: (613) 729-9006 Christian Del Valle, Manager Corporate Development / Tel: (613) 729-9006 The Toronto Stock Exchange has neither approved nor disapproved the contents of this press release. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of San Anton are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the expectations of San Anton are detailed from time to time in the filings made by San Anton with securities regulators. | | |
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