-- Posted Thursday, 21 January 2010 | Digg This Article
| | Source: GoldSeek.com
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2010) - Eurasian Minerals Inc. (the "Company or "EMX") (TSX VENTURE:EMX - News) announces that given the recent devastating earthquake, EMX and joint venture partner Newmont Ventures Limited ("Newmont"), a wholly owned subsidiary of Newmont Mining Corporation, are temporarily suspending exploration activities in Haiti to focus in-country resources and staff on directly assisting the relief efforts currently underway. The Company expresses the deepest sympathy for all those affected by the earthquake, as well as continued support for our Haitian staff and their families and communities.
EMX is committed to playing a key role in the development of Haiti's mineral sector as the country rebuilds, and announces it has made the first anniversary payment to Societe Miniere Citadelle, S.A. ("Citadelle") as a requirement to acquire 100% interest in the Grand Bois gold-copper property. The payment totals US$1,000,000 as a combination of US$250,000 in cash and the issuance of 338,877 common shares of EMX pursuant to the terms of the purchase agreement. The share issuance has been approved by the TSX Venture Exchange, and is subject to a regulatory hold period until May 20, 2010. The Grand Bois payment is a significant investment that is indicative of the Company's long term commitment to the country of Haiti. For additional details on the terms of the agreement please refer to the January 26, 2009 press release on the Company's website, www.eurasianminerals.com. Grand Bois is a Designated Project with joint venture partner Newmont.
Forward-Looking Statement:
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Eurasian Minerals Inc. Actual results may differ materially from those currently anticipated in such statements.
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Contact:
David M. Cole
Eurasian Minerals Inc.
President and Chief Executive Officer
(303) 979-6666
dave@eurasianminerals.com
Kim C. Casswell
Eurasian Minerals Inc.
Corporate Secretary
(604) 688-6390
(604) 688-1157 (FAX)
kcasswell@eurasianminerals.com
www.eurasianminerals.com
-- Posted Thursday, 21 January 2010 | Digg This Article | Source: GoldSeek.com
