Feb 19 2011
Hilltown Resources Inc. (CNSX:HLT) and Mineracao Soccoimex have entered into a strategic alliance to maximize the value of Hilltown's future iron ore and manganese resource projects in Brazil.
Soccoimex, a Brazilian company with a fifty-eight year history as a successful operator of iron ore mines in Brazil, is ideally qualified as an operating partner for Hilltown's future Brazilian projects.
Soccoimex will assist and work directly with Hilltown to identify, negotiate, acquire, develop and operate iron ore and manganese properties and mining projects for the benefit of Hilltown, including supervising, permitting, construction and operation of future Hilltown iron ore and manganese mines. Soccoimex will also work closely with consultants, government agencies and Hilltown representatives during the development stage of deposits, including facilitating claims, licensing, and mine planning and design during feasibility stages. Soccoimex will be the operator of Hilltown's mining projects, functioning as contract operators, with specific terms to be agreed upon by both parties on a property by property basis.
Rudy de Jonge is now the CEO and CFO of the Company. Kent Ausburn is now the President and Chief Operating Officer.
Source: Hilltown Resources Inc.