Nov 15 2010
Crazy Horse Resources Inc. (TSX VENTURE:CZH) a Philippines based mineral exploration company, has announced that further to its news release of November 5, 2010, it has completed the acquisition of a 100% interest in the Taysan Copper-Gold Porphyry Project, in Batangas Province, Philippines consisting of two exploration permits and three exploration permit applications covering an aggregate area of 11,254 hectares hosting an advanced copper-gold porphyry deposit.
Concurrently with the completion of the Acquisition, the Company closed its C$8,500,000 brokered private placement by converting all previously issued subscription receipts to 11,333,333 units and releasing the private placement proceeds from escrow.
The Company is advancing on its US$3.5m work program for a full Scoping Study, including an in-fill confirmatory drilling program of 6,890m to bring the existing resources to JORC/NI43-101 compliant standards. This work program is expected to complete in January 2011.
Source: Crazy Horse Resources Inc.