TSX-V: TRS
VANCOUVER, April 6 /CNW/ - Tres-Or Resources Ltd. (the "Company") is
pleased to announce that its wholly owned subsidiary Tres-Or (Ghana) Limited
("Tres-Or Ghana") has entered into a profit sharing agreement (the
"Agreement") with a private Ghanaian company whereby the two parties (the
"Parties") will collaborate in providing mining and related services to gold
mining projects located in Ghana and will share the profits derived therefrom
on a 50/50 basis.
While the Agreement contemplates the Parties providing services to a
number of projects, initial efforts will be in connection with the Agudee
Project, a group of concessions held by a local syndicate of companies located
in the Atwina Mpanua District of the Ashanti Region in central Ghana. As
consideration for providing turnkey mining and project administrative services
on the Agudee Project, the Parties will collectively be entitled to 73% of the
proceeds from the sale of any gold mined, to be split 50/50 between the
Parties. Under the terms of the Agreement Tres-Or Ghana is to fund the
alluvial gold mining costs in stages, to a maximum of CDN$650,000, needed to
place the Agudee Project into commercial production, following which the
Parties will fund any additional expenditures related to the Agudee Project
equally.
ON BEHALF OF THE BOARD OF DIRECTORS OF
TRES-OR RESOURCES LTD.
"Laura Lee Duffett"
---------------------------
Laura Lee Duffett
President and Director
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities in any jurisdiction. The
securities of the corporation have not been and will not be registered under
the U.S. Securities Act of 1933, as amended, and subject to certain exemptions
may not be offered or sold in the United States or to U.S. persons. Neither
the TSX Venture Exchange nor its Regulation Service Provider (as the term is
defined in the policies of the TSX Venture Exchange), accepts responsibility
for the adequacy or accuracy of this release.
About Tres-Or Resources Ltd.
Tres-Or Resources Ltd. (TSX Venture: TRS) is a Canadian resource
exploration company and has focused on the exploration of diamond and
precious/base metal properties in Canada. The properties which the Company
owns or which it is currently evaluating for acquisition are located in the
traditional mining areas of northeastern Ontario and northwestern Quebec.
Tres-Or discovered the largest diamond-bearing kimberlite in Ontario, the
Lapointe Kimberlite Pipe. Tres-Or's Quebec projects host 6 kimberlite bodies
discovered by drilling. Tres-Or's Mann platinum/palladium project, located 46
km northeast of Timmins, Ontario hosts shallow, in-situ Pt-Pd mineralization.
All the Tres-Or projects in the Temagami and Timiskaming regions of Ontario
and Quebec have excellent infrastructure to support exploration and
development. Roads, power and a qualified workforce are all in close
proximity. Tres-Or has signed a historic Diamond Exploration Agreement with
the Timiskaming First Nation on traditional territorial lands in Ontario and
Quebec. Additional information related to the Company is available at
www.tres-or.com.
