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July 20, 2004
AntOro Acquires A Mining Property in Quebec
July 20, 2004 - AntOro Resources Inc. has acquired the St-Urban property, composed of forty (40) map-designated mining claims (CDC) covering an area of approximately 1,972 hectares and located in the Lespinay township in Quebec. The property was acquired from Jean-Marie Pronovost in exchange for a cash payment of $10,000 and the issuance of 650,000 treasury shares.
The No. 7515-78-16 showing, which resulted from diamond drilling, uncovered grades of four grams per tonne Au, 14 per cent Cu and 142 g/t Ag over 0.04 metre, is located near AntOro’s Hébert property. This mineralization shows similarities with other volcanogenic massive sulphide (VMS) showings found along the Urban syncline, which strikes southwest/northeast. Orogenic gold showings were also uncovered in the Urban deformation zone which has an east-west strike. The St-Urban property is located within the Urban deformation zone and is at the northeastern extension of the Urban syncline.
The Urban-Barry belt has been the focus of extensive exploration efforts in the past year by companies such as Beaufield Consolidated Resources (BFD), Goldhawk Resources (CGK) and the Freewest (FWR)/Murgor (MUG) joint venture.
The Urban deformation zone is located approximately 70 kilometres southeast of Desmaraisville and covers approximately 200 square kilometres. This regional shear structure has a width of one to four km and a length of 80 km following an east-west strike. The property's geology is composed of felsic tuffs, volcanoclastics, lithic wackes and mafic intrusives of the Freeman member, Urban group and the intermediate tuff accompanied with basaltic and andesitic flows of the Macho formation; these two units are separated by the Milner fault. The property's geology is also affected by the St-Cyr fault on its western boundary and by the Concession fault on its eastern boundary.
AntOro takes this opportunity to also announce that 56,250 common shares held in escrow for François C. Desrosiers will be released on August 18.
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