Teslin River and Eureka Agree on Amendment to the Frasergold Project Option Agreement
19.02.2013 | Business Wire
Vancouver, BC, February 19, 2013 - Teslin River Resources Corp. (TLR:TSX-V) ("Teslin" or the "Company") is pleased to announce that Eureka Resources Inc. ("Eureka") and agreed to a further amendment to the Frasergold project option agreement dated November 21, 2011, as amended (the "Option Agreement").The Option Agreement now requires that Teslin pay Eureka option payments of $25,000 by March 1, 2013; $50,000 by December 31, 2013 and the final $50,000 by December 31, 2014 and that Teslin incur expenditures of not less than $3,550,000 by December 31, 2015 of which $600,000 must be expended by December 31, 2013.
About Teslin River Resources Corp.
Teslin River is an exploration company with a focus on precious metals exploration on mineral property interests in Nevada and British Columbia. Teslin's mineral properties include the Frasergold Project and Rand properties in British Columbia and the Morningstar property in Nevada. Teslin has granted Gold Fields Horsefly Exploration Corporation an option to earn up to an 80% interest in the Rand property.
ON BEHALF OF TESLIN RIVER RESOURCES CORP.
"John Icke"
John Icke, Executive Chairman and Interim President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Teslin River Resources Corp.
(604) 696-6516
info@teslin-river.com
www.teslin-river.com