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WINNIPEG, CANADA / ACCESSWIRE / April 15, 2014 – Cougar Minerals Corp. – TSX-V: COU (“Cougar” or “the “Company”) is pleased to announce that its Board of Directors has given the Company approval to seek a listing on the Bolsa de Valores de Santiago (Santiago Stock Exchange) (“BVS”) in addition to the Company’s current listing on the TSX Venture Exchange.
On March 3rd, 2014, the Santiago Stock Exchange entered into an agreement with the TSX Venture Exchange (TSX-V), a subsidiary of the TMX Group Limited, that will lead to the creation of a new venture exchange division of the Santiago Stock Exchange, called the Santiago Stock Exchange, Venture.
The Santiago Stock Exchange, Venture will initially focus on capital formation for small and medium enterprises (SMEs) in the mining sector. This will strengthen and create a strong connection between the mining industry and the Chilean capital market.
Murray Nye, President and CEO said, “The Company welcomes this opportunity to increase our investor base as Chile is a country with a long mining tradition and sophisticated investors.”
Minera Cougar Chile SpA, Cougar’s wholly-owned Chilean subsidiary, holds options to the Tres Amantes and San Antonio properties which are comprised of two groups of contiguous concessions with a total area of 187 hectares. The properties are located in Chile’s Atacama Region, about 38 kilometers south of Copiapo, and are accessible by paved road. The properties lie in northern Chile’s Cretaceous Metallogenic belt, 23 km south-southwest of the Candelaria copper-gold mine (Freeport McMoRan, 2012 reserves of 4.2 billion pounds of copper and 1.2 million ounces of gold – footnote 1), and 12 km north-northeast of the historic Chanarcillo Mine which produced more than 100 million ounces of high-grade silver in the mid-1800s (footnote 2).
Note that the information about the Candelaria and Chanarcillo Mines has not been verified by the Company’s Qualified Person, and the information about these two properties is not necessarily indicative of the mineralization on the Tres Amantes or San Antonio properties. There is also no assurance that the Company’s shares will be listed for trading on the Santiago Stock Exchange.
The Tres Amantes and San Antonio mines were both mined for gold until 1940, after which there has been only small-scale, intermittent artisanal production. Gold mineralization in the concessions is found within a near-surface blanket or “manto” along the contact between limestone and a porphyritic intrusion of dacitic composition, especially where this contact is intersected by northwest and northeast-trending structures, which are also mineralized locally. The mineralization occurs as replacements in both the limestone and the dacitic intrusive, as well as disseminations, especially in the intrusive rock (footnote 3).
Mr. Larry Segerstrom, P.Geo and a Director of the Company, is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the disclosure of technical information contained in this news release.
1.Freeport-McMoRan Copper & Gold, 2012 Annual Report, p. 109
2.Sillitoe, Richard H., 2007, “Hypogene Reinterpretation of Supergene Silver Enrichment
at Chanarcillo, Northern Chile”: Economic Geology, Vol. 102, p. 777.
3.Minera Hochschild Chile, 2012, “Informe Final, Proyecto San Antonio” (internal company report), p. 7-1 to 7-9.
About Cougar Minerals Corp.
Cougar is a junior exploration company focused on the discovery and development of economic mineral deposits.
Additional information on Cougar Mineral can be found on the Company’s website at www.cougarminerals.com and by reviewing the Company’s page on SEDAR at www.sedar.com.
Neither TSX Venture Exchange, nor its Regulation Services Providers (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied in the forward-looking information.