Hispania Resources Inc. (TSXV: ESPN) (“Hispania” or the “Company”) announces that it has acquired 100% ownership of the Lumbrales Deposit (“Lumbrales Permit”) located in the Iberian Staniferia Belt. This belt is a rich mining area with over 100 tin and tungsten deposits in Spain and Portugal. Hispania has obtained a Lumbrales Permit from Siemcalsa, a company controlled by Castile and Leon, Spain.
The 2,900-hectare Lumbrales Permit includes the former production Mari Tere mine in Castile, about 115 kilometers west of the city of Salamanca, and two other artisanal tin deposits. This permit was obtained by him from Siemcalsa for €250,000 (approximately $374,500 Canadian). At the time of its closure in 1986, the Malitere mine had established tin and molybdenum resources.
Mali Tele was first developed during the Spanish Civil War from 1941 to 1945 with an above-ground shaft and four underground levels. A total of 30,000 tons of material were produced and processed on site during this period.
Recently, Mina Duro SA completed an underground infrastructure consisting of 658 meters long, 220 meters deep and a 4.5 x 4.5 meter slope to the relevant level of 3,600 meters. These were excavated at the same time and are in good condition as shown in the image below. Modern decline is associated with his two levels developed between 1941 and his 1945.
Image 1: Down Ramp Lookup Ramp
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During his tenure, Shemkartha conducted a surface exploration program consisting of trenching and sampling, geophysics and geochemistry. These studies extended the length of mineralized veins along the strike and indicated the presence and additional prospects of a possible tertiary vein system.
Hispania CEO Norman Brewster commented: We are a producer and given the changes in tin prices in recent years this property is financially attractive. Equally exciting is the existing infrastructure consisting of decaying ramps, above-ground shafts and underground developments. , we are well positioned to move forward with this important project.We have been very supportive of the mining industry in the region, especially important projects, by helping our due diligence and transaction process and making this transaction a reality. Thanks to local and local governments. We look forward to continued growth in Spain. “
About Hispania Resources
Hispania Resources Inc. is a mineral exploration company focused on mining opportunities in Spain. Hispania currently has core assets zinc, copper and lead rich Puebla de la Reina (“PBR“) Property located in a low-risk, historic mining area in the province of Extremadura, southwestern Spain. The PBR property covers an area of 90 km2. Hispania, through its subsidiary La Joya, acquires Auplata SA and 100 has entered into a purchase agreement for a % interest in the PBR property.Hispania’s management includes over 120 years of mineral exploration and production experience in multiple It includes industry veterans who have successfully managed. This includes Spain, where part of the team was responsible for the establishment and construction of the Iberian resources, well-developed and sophisticated transportation and It has continued support from local and regional governments, including mining infrastructure.
For more information about Hispania Resources Inc., please visit: http://HispaniaResources.com/.
contact address
For more information or to request an interview, please contact:
Norman Brewster – CEO
Norm@HispaniaResources.com
(416) 970-3223
Rahim Arani – Director
Rahim@HispaniaResources.com
(416) 457-0549
Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is described by words such as “intends,” “believes,” “estimates,” “expects,” “may,” “will,” and similar references to future periods. can be identified. Examples of forward-looking information include, among others, the expected completion of the acquisition of the Lumbrales Properties, anticipated activity at the Lumbrales Properties, and information about Hispania. Hispania believes that the expectations reflected in this forward-looking information are reasonable in light of the experience of its officers and directors, current conditions, anticipated future developments and other factors deemed appropriate. should not be relied upon unduly. Hispania cannot give any assurance that they will prove correct. Readers are cautioned not to place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated in these statements, subject to, among other risks, Hispania’s future plans may differ from those currently contemplated. Additional risks include those disclosed in the filings. Available by reference from SEDAR at: www.sedar.comThe forward-looking statements contained in this news release are made as of the date hereof and, except as required by law, the Company does not make any forward-looking statements or statements. We undertake no obligation to publicly update or correct any information.
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