Mr. Timothy Turner reports
BOCANA RESOURCES CORP. EXTENDS LETTER OF INTENT ON ARIZONA MINING CLAIMS FOR ADDITIONAL BULK TESTING AND ASSAY REVIEW
Further to the several press releases related to Bocana Resources Corp.'s due diligence on the Arizona placer mining claims owned by LP Associates LLC, LPA has agreed to extend the letter of intent by an additional 60 days in exchange for an additional advance payment of $50,000 (U.S.). The extension agreement will allow time for Bocana to secure an exploration permit, if necessary, from the U.S. Bureau of Land Management for the subject lands, conduct a larger bulk sampling of the ore and run the materials through a temporary, off-site pilot processing plant.
This one-time bulk sampling effort is an advanced exploration and development activity to investigate the metallurgical properties of a representative sample of the orebody and to test extractive milling procedures, mill equipment, processing methods, recovery rates and potential markets. The processed ore will then be sent for assay analysis.
All other terms and conditions of the original letter of intent remain the same.
About Bocana Resources Corp.
Bocana is a mineral exploration company focused on acquiring, exploring and developing mineral properties in North and South America. Bocana, through its wholly owned subsidiary, Huiracocha International Service SRL, holds a 100-per-cent working interest in the mineral properties known as the Escala area concessions located in the department of Potosi, Sud Lipez province, Bolivia, as awarded by Comibol.
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