Quarterly Activities Report
Perth, April 30, 2018 AEST (ABN Newswire) - Cervantes Corporation Ltd (
ASX:CVS) ("the Company" or "Cervantes") is pleased to provide the March quarter activity report. Much like the last quarter, the Company has ticked over another milestone with the commencement of its inaugural exploration program since converting to an Exploration Company. The initial soil sampling program at the Abbotts project (previously referred to as Garden Gully) and a portion of the Primrose project (previously referred to as Paynes Find Gold) commenced at the end of the quarter with drilling to commence in the short term at the Albury and Primrose projects, results from these programs will be released once available.
Post the March 2018 quarter, Cervantes successfully raised $781,397 and is now well positioned to meet all of its ongoing commitments including further evaluation and development all of the current gold projects. In addition, after further review of the Primrose project tenement package, the Company now has access to the base metal rights on a number of the permits and intends evaluate previous work carried out in these areas related to base metals. The Company will continue to look for other opportunities that provide additional value to the portfolio or enhance the current projects.
To view the full report, please visit:
http://abnnewswire.net/lnk/POWTTN37
About Cervantes Corporation Limited
Cervantes Corporation Limited (ASX:CVS) is an emerging gold explorer and aspiring gold miner. It has built up a portfolio of gold properties in well-known and historically producing gold districts with a strategy to apply novel exploration and development thinking. Cervantes has identified opportunities in those districts that were overlooked by previous explorers. The company is committed to maximizing shareholder value through the development of those opportunities.
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