Arena Minerals is proving to be one of the more capable and efficient prospect generator teams on the market today. Its been a summer to cap off a rough couple years yet Arena has been finding ways to keep projects in development their projects well funded.
Arena Minerals Key highlights:
Feburary 2015 B2Gold enters option agreement with ARENA. B2Gold gold brings immediate knowledge and expertise to the project having strong technical experience.
March 2015 ARENA announces private placement financing of $1.5M. Highlighted by the investment and backing of Ross Beatty and his associates of $1M for 10,000,000 Units.
July 2015 Japan Oil, Gas and Metals National Corp (JOGMEC) entered an option agreement that allows them to acquire up to 60% stake in
Atacama Copper Property.JOGMEC is an ideal partner for Arena as they provide flexibility with their strong technical know how and financial capabilities.
August 2015 ARENA-JOGMEC approves A USD$2.7M – 12,600 drill program on their Atacama Cooper Project. Highlights of this release are:
- 12,600 metres of drilling, covering the entire land package on approximately1.5 km by 1.5 km centres
- 84 drill holes to an average depth of 150 metres
- Preparatory work to commence immediately
- Drilling to commence toward the last week of August or beginning of September 2015
- Total of USD$2.7 million budget, to be funded by JOGMEC on a timely basis
- Arena to operate the exploration program using its current staff and infrastructure, with the addition of some personnel and lodging
Cautionary Note Regarding Accuracy and Forward-Looking Information:
This news release contains forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the joint venture with JOGMEC; the proposed exploration program at Baquedano; the timing of the exploration program; future development of any of the Company’s properties, including those properties under option to B2Gold, the prospectivity of, and planned work programs on, such properties, the ability to enter into any additional joint venture partnership agreements as proposed, or at all, the ability of any potential partner to accelerate drill programs, increase the development of any of the projects or prospects of the Company, the results of the exploration program, future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Atacama project and the El Peñon project. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. The statements made herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward looking information. Arena
Minerals does not undertake to update any forward-looking information, except in accordance with applicable
securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Additional information can be found on sedar.com