Cenit Acquires Claims in the Riviere Dore Area
May 26 2011 - 12:31PM
Marketwired
Cenit Corporation (TSX VENTURE: CNT) (the "Company" or "Cenit") is
pleased to announce that it has entered into an arm's length
agreement to acquire 120 claims, totaling 6956 ha, located 85 km
southeast of Val d'Or Quebec, subject to regulatory approval and
closing. Cenit will obtain a 100% interest in the properties by
issuing 1,500,000 shares and paying $30,000 to Mundiregina
Resources Inc. The claims are contiguous with or completely
enveloped by Cartier Resources Inc. and Copper One Corp.'s Joint
Venture on the Riviere Dore property.
Anomalous levels of copper and nickel were identified in the
largely underexplored Riviere Dore area by a regional lake and
creek sediment survey released by the Ministere des Ressources
Naturelles du Quebec. Initial surface sampling carried out by
Cartier and Copper One has returned significant values for copper,
nickel, gold and platinum group elements.
About Cenit
Cenit Corporation is a Canadian-based exploration company
focused on base metal exploration. The company's primary objective
is to explore highly prospective base metal projects, particularly
copper, in order to meet the increasing global demand.
All technical information in this press release has been
reviewed and approved by Jared Beebe, a Professional Geologist, who
is as a Qualified Person under National Instrument 43-101.
CAUTIONARY STATEMENT: This News Release includes certain
"forward-looking statements". These statements are based on
information currently available to the Company and the Company
provides no assurance that actual results will meet management's
expectations. Forward-looking statements include estimates and
statements that describe the Company's future plans, objectives or
goals, including words to the effect that the Company or management
expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as "believes",
"anticipates", "expects", "estimates", "may", "could", "would",
"will", or "plan". Since forward-looking statements are based on
assumptions and address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Actual
results relating to, among other things, results of exploration,
project development, reclamation and capital costs of the Company's
mineral properties, and the Company's financial condition and
prospects, could differ materially from those currently anticipated
in such statements for many reasons such as: changes in general
economic conditions and conditions in the financial markets;
changes in demand and prices for minerals; litigation, legislative,
environmental and other judicial, regulatory, political and
competitive developments; technological and operational
difficulties encountered in connection with the activities of the
Company; and other matters discussed in this news release. This
list is not exhaustive of the factors that may affect any of the
Company's forward-looking statements. These and other factors
should be considered carefully and readers should not place undue
reliance on the Company's forward-looking statements. The Company
does not undertake to update any forward-looking statement that may
be made from time to time by the Company or on its behalf, except
in accordance with applicable securities laws. Please see our
public filings at www.sedar.com for further information.
Neither TSXV nor its Regulation Services Provider (as that term
is defined in the policies of the TSXV) accepts responsibility for
the adequacy or accuracy of this release.
Contacts: Cenit Corporation Birks Bovaird 416.214.9152
info@cenitcorp.com www.cenitcorp.com
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