San Marco Resources

Published : May 05th, 2016

San Marco and GlobeTrotters sign Alliance Agreement to Generate and Acquire Mineral Targets in Northern Mexico

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   G Mexico | Georgia | Mexico | Peru | Target |

San Marco and GlobeTrotters sign Alliance Agreement to Generate and Acquire Mineral Targets in Northern Mexico

Vancouver, B.C. -- May 5, 2016
: San Marco Resources Inc. (SMN: TSX-V) ('San Marco') and GlobeTrotters Resource Group Inc. ('GlobeTrotters') have signed a formal Alliance Agreement respecting their initiative to generate and acquire new high potential mineral targets primarily in the state of Sonora, Mexico announced on March 7, 2016.

Pursuant to the Agreement, GlobeTrotters has acquired imagery and data files for the state of Sonora and carried out analysis, filtering and initial target selection and San Marco has been granted an exclusive three year licence to use the data so generated. San Marco's personnel will carry out ground-proofing and, where warranted, stake or otherwise acquire tenure to protect the highest priority areas with follow up input and further target focusing by GlobeTrotters.

San Marco CEO, Bob Willis stated; 'The first stage of target definition is now complete. The incorporation of additional geological information and target prioritization is expected to be completed within two to three weeks. The mere number and quality of targets generated at this point is mind boggling. We have a lot of work to do, such that over the next couple of weeks, the SMN field team is making field access, logistics and personnel preparations so we can 'hit the ground running'.'

GlobeTrotters President, Richard Osmond stated 'We are excited to partner with San Marco in a world class mining district through this exploration alliance. Bob and his team have a proven track record of exploration success and provide the level of expertise necessary to make a significant new discovery with their 'boots on the ground' technical approach to exploration.'

San Marco will hold all properties and interests in properties acquired as part of the collaborative effort and will grant GlobeTrotters a 2% net smelter returns royalty on all properties in which it acquires a 100% interest. For properties in which San Marco acquires less than a 100% interest, it will pay GlobeTrotters 20% of all future consideration received in respect of the property, reducing to 10% after the commencement of commercial production. In consideration of GlobeTrotters services, San Marco has agreed to issue, following receipt of TSX Venture Exchange approval, 1,000,000 common shares to GlobeTrotters.

About San Marco

San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of three promising projects in mining-friendly Mexico, including the Cuatro de Mayo Project in Sonora State on which the Company is currently active (www.sanmarcocorp.com).

San Marco maintains a strategic project generation program focused on high-calibre, low-cost acquisition opportunities in the Northwestern Mexico. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.

About GlobeTrotters

GlobeTrotters Resource Group Inc. is a privately held company incorporated in 2009. The company is focused on acquiring low-cost, low-risk base and precious metal opportunities in emerging world class mineral belts throughout the Americas with a primary focus in key mineral belts in Peru.

For further information, contact:

Robert Willis, P. Eng.; CEO, San Marco
Cell: 604-813-2606
[email protected]

Richard Osmond, P. Geo.; CEO, GlobeTrotters
Phone: 604-466-0425
Cell: 604-813-2606
[email protected]

National Instrument 43-101 Disclosure

The technical information contained in this document has been verified, and this news release has been approved, by San Marco's CEO, Robert D. Willis, P. Eng. a 'Qualified Person' as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

Forward Looking Information

Information set forth in this document may include forward-looking statements. While these statements reflect management's current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco's actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

Read the rest of the article at www.publicnow.com
Data and Statistics for these countries : Georgia | Mexico | Peru | All
Gold and Silver Prices for these countries : Georgia | Mexico | Peru | All

San Marco Resources

CODE : SMN.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

San Marco Resources is a gold and silver exploration company based in Canada.

San Marco Resources is listed in Canada. Its market capitalisation is CA$ 14.7 millions as of today (US$ 11.7 millions, € 10.3 millions).

Its stock quote reached its lowest recent point on January 09, 2015 at CA$ 0.01, and its highest recent level on June 04, 2021 at CA$ 1.35.

San Marco Resources has 54 350 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate news of San Marco Resources
6/7/2016San Marco Grants Incentive Stock Options
5/5/2016San Marco and GlobeTrotters sign Alliance Agreement to Gener...
4/25/2016San Marco Closes Oversubscribed $439,550 Unit Private Placem...
4/8/2016San Marco Increases Unit Private Placement to $300,000
11/2/2015San Marco's Warrant Exercise Incentive Program Completed
10/14/2015San Marco's Warrant Exercise Incentive Program Extended
10/6/2015San Marco's Warrant Exercise Incentive Program Approved
9/15/2015San Marco Announces Warrant Exercise Incentive Program
9/14/2015San Marco Continues Exploration at Cuatro de Mayo; Samples 1...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (SMN.V)
0.270-5.26%
TSX-V
CA$ 0.270
05/20 15:31 -0.020
-5.26%
Prev close Open
0.285 0.280
Low High
0.270 0.280
Year l/h YTD var.
0.270 -  0.650 -58.46%
52 week l/h 52 week var.
0.270 -  1.26 -74.53%
Volume 1 month var.
11,000 -20.59%
24hGold TrendPower© : -8
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2022-70.65%
2021145.33%1.350.37
2020200.00%0.400.10
20194.17%0.170.04
2018-29.41%0.300.10
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 8.24+0.92%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 3.02-1.95%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.84+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 0.50-3.27%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.70-4.39%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 3.40-7.36%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 10.65-1.30%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.30+1.72%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.26-7.02%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.76-2.22%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 69.92+0.59%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04-6.67%Trend Power :