BOWMORE Has Earned its 50% Interest in the NATORA-SOUTH (CHIVAS) Gold Property in Sonora State, Mexico, and Elects to Exercise its Option for a 70% Interest
MONTRÉAL, QUÉBEC–(Marketwire – Dec. 5, 2012) – BOWMORE Exploration Ltd. (TSX VENTURE:BOW)(“The Company”) is pleased to announce that it has acquired its 50% interest in the Chivas gold property (the “Property”) in the State of Sonora, Mexico, from the Amex Exploration Inc. (TSX VENTURE:AMX)(“Amex”) subsidiary, “Minerales X-Ore de S.A. de C.V.”, a Mexican mining corporation.
The Company recently completed a 2065 meter drill program in June, 2012 (see news release dated September 20, 2012) whereby drilling outlined a new hydrothermal mineralized breccia structure at Mesa Blanca, and also extended laterally and at depth the Piedra Rodante high grade low-sulfidation structure. The drill program intersected high grade gold-silver veins at the Piedra Rodante zone, hosting up to 12.85 g/t Au and 444.0 g/t Ag over 1.5 meters.
The Company has elected to exercise its right to acquire an additional 20% interest in the property pursuant to the Option Agreement between the Company and Amex (see News Release dated April 8, 2011). Bowmore will become the operator.
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