/ CORRECTION - Pure Energy Minerals Limited
13 Março 2014 - 1:50PM
Marketwired
/ CORRECTION - Pure Energy Minerals Limited
VANCOUVER, BC--(Marketwired - Mar 13, 2014) - In the news
release issued earlier today by Pure Energy Minerals Limited
(TSX-VENTURE: PE), we are advised by the company that the headline
should read "Pure Energy Minerals Ltd. Enters Into Option Agreement
to Lease up to 20 Acres of Private Property in Esmeralda County,
Nevada, Potential Location for Brine Process Testing Plant."
Complete corrected text follows.
Pure Energy Minerals Ltd. Enters Into Option Agreement to Lease
up to 20 Acres of Private Property in Esmeralda County, Nevada,
Potential Location for Brine Process Testing Plant
Vancouver, BC -- March 13, 2014 -- Pure Energy Minerals Limited
(the "Company" or "PURE" ) (TSX-VENTURE: PE) is pleased to announce
that as part of its development strategy it has entered into an
option to lease agreement (the "Agreement") with HRH Nevada
Resources Ltd., a private Nevada Company ("HRH") pursuant to which
PURE has the option (the "Option") to lease up to 20 acres (the
"Property") of the 80 acres (the "HRH Property") of land located in
Esmeralda County, Nevada and owned by HRH for the purpose of using
the location as a staging area and a support location for
exploration programs on the Company's mineral claims, and
additionally as the possible location of an advanced lithium brine
processing, clean water recovery demonstration plant.
PURE has until May 31, 2014 to exercise the Option, which if
exercised will allow PURE to lease Property for an initial term
(the "Initial Term") of up to ten years in consideration of:
(a) a minimum monthly lease payment of the greater of
$2,000.00 or the equivalent USD of 33.76 grams of gold per month
for 5 acres of the Property; and
(b) an additional minimum monthly lease payment of the
greater of $6,000.00 or the equivalent USD of 101.27 grams of gold
per month for the remaining 15 acres of the Property.
On expiration of the Initial Term, PURE has the option to renew
the Agreement and lease the Property for an additional 10 years at
a negotiated fair market value price.
The Agreement provides the Company the opportunity to lease the
Property. Robert Mintak, CEO of PURE stated, "This Agreement allows
us to pursue our objectives for development, while reducing
permitting requirements and enabling us to fast track the project.
I would like to reiterate our commitment to developing the project
as an environmentally friendly project, as we progress we fully
intend to provide local communities with information about our
projects and the environmental, social, and economic impacts they
will have."
The Agreement grants the Company an exclusive option to lease
the Property from HRH. The Property is strategically located only 5
miles from Interstate 95 and 8 miles from PURE's Alkali Flats
mineral claims.
Pursuant to the terms of the Agreement, the lease of the
Property includes:
(a) a 50' wide easement to construct a road along the north
edge of the HRH Property from the Property to the Esmeralda County
road that passes through the HRH Property and which goes from
Silver Peak (to the west) to Nevada State Highway 95 (to the south
east); and
(b) a 25' wide electrical utility easement to access 3
phase high voltage power transmission. A substitution may be built
at the south end of this easement to reduce the three phase
transmission line voltage (approximately 66KV three phase) to a
convenient distribution line voltage (such as 7600 V three
phase).
The Agreement also permits PURE to drill a water well on the
Property. A permit to drill permission from the Nevada State Water
Engineer is required prior to any drilling on the Property.
ON BEHALF OF THE BOARD
PURE ENERGY MINERALS LIMITED
"Robert
Mintak" Chief Executive
Officer
We Seek Safe Harbour. 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 contact: Robert Mintak
www.pureenergyminerals.com (604) 608-6611
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