Mercator Gold plc: Copper Flat Project Update

  • Thursday, April 22, 2010
  • Source:

  • Keywords:molybdenum, copper
[Fellow]
 
LONDON, Apr 21, 2010 -- Mercator Gold plc ("Mercator Gold", "Mercator" or "the Company"), the diversified mineral development company, is pleased to provide an update on the Copper Flat copper-gold-molybdenum-silver project ("Copper Flat") in New Mexico, USA, over which Mercator's wholly owned subsidiary New Mexico Copper Corporation ("NMCC") holds an exclusive option.
 
As announced on 16 March 2010, Mercator has entered into a binding heads of agreement for the sale of NMCC to THEMAC Resources Group Ltd ("THEMAC"), a company listed on the TSX Venture Exchange (ticker: MAC.H).
As a result of the sale of NMCC Mercator will acquire a substantial interest in THEMAC, and will therefore retain a very significant interest in the Copper Flat project's future development.
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