Descripción

April 20, 2009 DOMINION PURCHASES 100% OF CERRO CHORCHA COPPER PROJECT FROM BELLHAVEN NEW YORK, April 20 2009 / -- Dominion Minerals Corporation (OTC: DMNME) ("Dominion" or the "Company") and Bellhaven Copper & Gold (TSX-Venture: BHV) ("Bellhaven") are pleased to announce that the parties have consummated a Stock Purchase Agreement, whereby Dominion has purchased Cuprum Resources Corp., the Company that owns 100% of the Cerro Chorcha Concession, from Bellhaven, thereby purchasing 100% of the Cerro Chorcha Copper Project. Dominion purchased Cuprum for a sum of US$2,500,000 and 6 million shares of Dominion. This includes the US$1,000,000 previously paid and 4 million shares previously issued by Dominion to Bellhaven under the Exploration and Development Agreement between the parties. As part of this transaction, the Exploration and Development Agreement signed by the parties on March 6, 2007, has been terminated by mutual agreement of the parties, and is null, void and worthless. The parties have granted each other a full and unconditional mutual general release for and from any and all obligations appertaining to said Exploration and Development Agreement. During the term of the agreement From March 2007 through the date of the Stock Purchase Agreement, Dominion invested approximately $5.6 million in the Cerro Chorcha project, in accordance with the Exploration and Development Agreement. As per the NI 43-101 report released in September 2008, the Cerro Chorcha project hosts a porphyry copper deposit with an Indicated mineral resources of 117.4 million tonnes grading 0.51% Cu, 0.07 g/t Au and 1.7 g/t Ag, and, in addition, an Inferred mineral resource of 84.5 million tonnes grading 0.46% Cu, 0.07 g/t Au and 1.9 g/t Ag, using a 0.2% Cu cut-off grade. As a result, total in-situ copper has risen to 2.17 billion lbs and in-situ gold has risen to 449,000 oz. Importantly, the presence of a large area hosting high-grade copper-gold-silver mineralization in the central portion of Cerro Chorcha has been confirmed. This high-grade zone has an Indicated mineral resource of 24.1 million tonnes grading 0.97% copper, 0.16 g/t gold and 3.1 g/t silver, and, in addition, an Inferred mineral resource of 13.3 million tonnes grading 0.86% copper, 0.16 g/t gold and 3.2 g/t silver, using a 0.65% copper cut-off grade. The mineralization remains open at depth and in multiple directions, and all holes drilled to date appear to indicate potential for the signific

Proyecto(s) relacionado(s)

Proyecto	Proyecto Id	Nombre Id	Detalles
Cerro Chorcha	310	891	Ver