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Canadian junior miner Alder Resources to acquire control of Nicaragua gold and copper project under deal with Calibre

Tuesday, August 23, 2011


\ Junior Canadian miner Alder Resources has struck an option agreement with Calibre Mining Corporation to acquire control of a copper and gold exploration property in Nicaragua.\ \ Under the deal, Alder can acquire 65 per cent of the Rosita D property by spending $4 million on exploration and issuing one million shares to Calibre over a four year period. 'The Rosita copper project provides Alder with a low cost entry into a high value exploration target in a historic mining district,' said Don Dudek, a director of Alder.\ \ Original source: Canadian Press\ \ \ \