THEMAC Announces Land Acquisition
January 16 2014 - 6:04PM
Marketwired
THEMAC Announces Land Acquisition
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 16, 2014) -
THEMAC Resources Group Limited (TSX-VENTURE:MAC) ("THEMAC") has
received a signed, special warranty deed through its wholly owned
subsidiary, New Mexico Copper Corporation ("NMCC" or, collectively,
"the Company"), finalizing the acquisition of five tracts of land
adjacent to the Company's existing land holdings located in Sierra
County, New Mexico, USA. The acquisition increases the Company's
land holdings to approximately 4,741 acres.
Company management is pleased with the recent acquisition. "The
property is critical for the development of the mine and concludes
many years of negotiations. The Copper Flat Project now has an
excellent land position, with the permit area 100% controlled,"
said Andrew Maloney, CEO.
The acquisition secures the Company's control and access of the
Copper Flat Project's ("Project") permit boundary. The purchase
also allows the Company to control land outside of the permit
boundary, which could be used for an expansion to the proposed
tailings dam and waste rock storage facility subject to the
necessary approvals.
The land is currently being used for grazing, and this use will
continue until the property is required for mining operations. The
Company is focused on being a good neighbor, and will continue to
integrate local stakeholder interest with Project requirements.
THEMAC recently released favorable results from its Form NI
43-101F1 Technical Report Feasibility Study, and finalizing this
land purchase is another major milestone for the Project. The
Company continues efforts to advance the Project, and the primary
focus for 2014 is to advance the Project's Environmental Impact
Statement.
ABOUT THEMAC RESOURCES GROUP LIMITED
THEMAC is a copper development company with a strong management
team which acquired the Copper Flat copper-molybdenum-gold-silver
project in New Mexico, USA in May 2011. We are committed to
bringing the closed copper mine, Copper Flat, in Sierra County, New
Mexico back into production with innovation and a sustainable
approach to mining development and production, local economic
opportunities and the best reclamation practices for our unique
environment. The Company is listed on the TSX Venture Exchange
(ticker: MAC) and has issued share capital of 75,300,122 common
shares (fully diluted share capital 132,537,777).
For more information please visit www.themacresourcesgroup.com
or review the Company's filings on SEDAR (www.sedar.com).
Neither the TSX Venture Exchange (the "TSXV") nor its
Regulation Services Provider (as that term is defined in the
policies of the TSXV) has reviewed, nor do they accept
responsibility for the adequacy or accuracy of, this
release.
THEMAC Resources Group LimitedAndrew Maloney+1
505.382.5770www.themacresourcesgroup.com
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