Iron Creek Capital Corp.: Pampa Buenos Aires Update
04 Julho 2008 - 2:16PM
Marketwired Canada
Iron Creek Capital Corp. (TSX VENTURE:IRN), announces that the Company's Chilean
subsidiary, Compania Minera Mena Resources (Chile) Limitada ("Mena Chile") and
Andina Minerals Chile Limitada ("Andina") have agreed to amend the terms of Mena
Chile's option to acquire a 50% interest in the Pampa Buenos Aires Project (the
"Pampa Project") in Chile.
The amended option calls for the Company to issue to Andina or its designee no
later than July 31, 2008, 525,000 shares of Iron Creek, as well as pay $197,835
cash to reimburse Andina for its previous purchase of an underlying back-in
right on the Pampa Project.
The Pampa Project is a prospective property located 15 km southwest of Yamana's
El Penon and Fortuna silver/gold mines. Exploration work has identified several
epithermal, low sulfidation vein and breccia targets as well as a number of
porphyry copper/gold targets.
Corporate News
Iron Creek is also pleased to announce the election of David Miles as a director
of the Company at the annual general meeting held last week. David has been a
Chartered Accountant for over 20 years and is CFO of four publicly-traded
mineral exploration companies. Donn Burchill has stepped down as a director and
management wishes to thank Donn for his contributions to the Company. David
Miles has been granted an incentive stock option to purchase up to 50,000 common
shares of the Company exercisable for five years at a price of $0.46 per share.
About Iron Creek
Iron Creek Capital Corp. is a Vancouver-based mineral exploration company
engaged in the acquisition and exploration of precious and base metals projects
in Chile.
ON BEHALF OF THE BOARD
Michael Winn, President
(TSXV:IRN)
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