Getty Signs Letter of Intent with Zhejiang Guoguang Group to Joint Venture Getty’s Highland Valley Copper Deposit
Trading Symbol TSX V: GTC
If ZGSTG elects to terminate its involvement after the first
The LOI is subject to completion of ZGSTG’s due diligence review, TSX approval and the negotiation of a definitive agreement all of which is targeted for 30 days. A further news release will be made when definitive agreements are completed and the conditions fulfilled.
About Zhejiang Guoguang Science and Technology Group ----------------------------------------------------
ZGSTG is based in the City of Quzhou,
About Getty Copper Inc. -----------------------
Getty is a
ON BEHALF OF THE BOARD OF DIRECTORS
Dr. Corby G. Anderson QP CEng FIChemE, President and COO.
Dr Anderson is the Qualified Person who assumes responsibility of the technical contents of this news release.
This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, especially those that address the need for definitive agreements to be negotiated and executed, and estimated resource quantities, grades are forward-looking statements because they are based on future events or made on the basis of estimation from limited information such as a fixed number of number of drill holes and metallurgical studies. The Company does not have reserves for US reporting standards and the estimate of reserves for Canadian reporting purposes is conjectural being based only on a pre-feasibility study which uses broadly defined cost and production estimates. The study is available at www.sedar.com. Although diamond drill hole core provides valuable information about the size, shape and geology of an exploration project, there will always remain a significant degree of uncertainty in connection with these valuation factors until a deposit has been extensively drilled on closely spaced centers which has occurred only in specific areas on the Getty Project. Although the Company believes the expectations expressed in its forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of the ultimate size, quality or commercial feasibility of the Getty Project or of the Company’s future performance. Subsequent results and developments may differ materially from those postulated in the estimates and forward-looking statements. Other factors that could cause the Company’s actual results and performance to differ materially from those in forward-looking statements include adverse market prices for metals, the conclusions of detailed feasibility and technical analyses, lower than expected grades and quantities of resources, mining rates and metal recovery rates and the fact that necessary capital may not be available to the Company on terms acceptable to it or at all. The need for compliance with extensive environmental and socio-economic rules and practices and the requirement for the Company to obtain government permitting can cause a delay or even abandonment of a mineral project. The Company is subject to the specific risks inherent in the mining business as well as general economic and business conditions. For more information on the Company, Investors should review the Company’s annual Form 20-F filing with the United States Securities Commission and its home jurisdiction filings that are available at www.sedar.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Getty Copper Inc.