Karmin Common Shares Commence Trading on the Lima Stock Exchange
June 23 2012 - 7:35AM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/ TORONTO, June 25, 2012 /CNW/ -
Further to its news release dated June 22, 2012, Karmin Exploration
Inc. ("Karmin") is pleased to announce that its common shares have
been listed for trading today on the Bolsa de Valores de Lima under
the symbol 'KAR'. About Karmin The common shares of Karmin are
listed on the TSX Venture Exchange and the Bolsa de Valores de Lima
and trade under the symbol "KAR". The principal business of Karmin
is to acquire, explore and develop resource properties. Karmin owns
100% of the 25-square-kilometre Cushuro Gold Project located in the
world-class Alto Chicama gold-mining district of northern Peru.
Karmin owns 100% of the Aripuanã Gold-Silver Project, which
encompasses the gold and silver mineralization associated with
near-surface oxidized portions of numerous massive-sulphide
deposits in the 820-square-kilometre Aripuanã Zinc Project in
north-western Brazil. Karmin owns 30% of the Aripuanã Zinc Project,
one of the largest undeveloped zinc projects in Brazil. The
Aripuanã Zinc Project covers a mineralized massive-sulphide
district that includes five areas of mineralization (Ambrex, Arex,
Babacu, Massaranduba and Mocoto) over a 25-kilometre strike
length. A technical report completed by AMEC International
(Chile) S.A. in accordance with National Instrument
43-101-Standards of Disclosure for Mineral Projects in 2007
(available on SEDAR, www.sedar.com) states that the Ambrex
deposit has indicated resources of 18.3 million tonnes grading 4.0%
zinc, 1.5% lead, 0.18 g/t gold and 35.6 g/t silver. The Arex
deposit has indicated resources of 9.4 million tonnes grading 2.5%
zinc, 1.0% lead, 0.45 g/t gold and 34.7 g/t silver.
Votorantim owns 70% of the Aripuanã Zinc Project, but assumes 100%
of the project costs until the completion of a bankable feasibility
study. The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this news
release. Karmin Exploration Inc. CONTACT: David BraceChief
Executive OfficerEmail: davidbrace@karmin.comTel: (416)
367-0369orJohn IannozziChief Financial OfficerEmail:
johni@karmin.comTel: (519) 337-5302
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