Miramont Terminates Certain Option Agreements at Cerro Hermoso
Vancouver, British Columbia--(Newsfile Corp. - November 15, 2019) - Miramont Resources Corp. (CSE: MONT) (OTCQB: MRRMF) (FSE: 6MR) ("Miramont" or the "Company") announces that in order to preserve capital, it has decided to terminate the option agreements for the Lucia Josefina I, Haariana II and An An concessions of its Cerro Hermoso project in southern Peru. The Company has retained the option agreement to acquire a 100% interest in the Milenios 32 concessions (the "Milenios Concessions") of the Cerro Hermoso project. The Milenios Concessions encompass an area of 329.57 hectares covering the southern part of the Cerro Hermoso diatreme breccia pipe.
Miramont continues to work with the Peruvian Ministry of Energy and Mines to advance its Lukkacha project towards granting of the Supreme Decree. Miramont is currently well-funded and continues to review high-quality, drill-ready gold and gold-polymetallic exploration opportunities in Peru.
About Miramont Resources Corp.
Miramont is a Canadian based exploration company with a focus on acquiring and developing mineral prospects within world-class belts of South America. Miramont's two projects are Cerro Hermoso and Lukkacha, both located in southern Peru.
On behalf of the Board of Directors,
MIRAMONT RESOURCES CORP.
Quinton Hennigh, Executive Chairman
This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
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