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Beijing, June 17, 2010 (ABN Newswire) - The Company has entered into a new era proactively engaging in the acquisition, exploration, development and sale of high potential mineral properties in the most prolific regions of the world.
St. Elias continues to develop and define additional reserves at its 100% owned Tesoro Gold Project located in southwestern Peru and has recently acquired a 100% interest in the Cueva Blanca Property in northern Peru. In addition, St. Elias has entered into a letter agreement, under very favorable terms, to sell its interest in the Carmi (Kettle River) Molybdenum Property located in south-central B.C.
Management has a keen interest in its shareholders and is dedicated to increasing shareholder value.
View the Video Here:
http://www.abnnewswire.net/multimedia/en/63112/StElias
St. Elias continues to develop and define additional reserves at its 100% owned Tesoro Gold Project located in southwestern Peru and has recently acquired a 100% interest in the Cueva Blanca Property in northern Peru. In addition, St. Elias has entered into a letter agreement, under very favorable terms, to sell its interest in the Carmi (Kettle River) Molybdenum Property located in south-central B.C.
Management has a keen interest in its shareholders and is dedicated to increasing shareholder value.
View the Video Here:
http://www.abnnewswire.net/multimedia/en/63112/StElias
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About St. Elias Mines Limited
St. Elias Mines Ltd (CVE:SLI) is engaged in the acquisition, exploration and development of natural resource properties. As of May 31, 2009, the Company owns, or has acquired an option to earn an interest in, properties located in Peru and British Columbia. The Company’s projects include Tesoro Gold Project, Vilcoro Gold Property, Cueva Blanca Property, Jales/Gralheira Gold Property, Kettle River (Carmi) Molybdenum Property, South Rim Property and Beaverdell Gold/Silver Property. The Tesoro Gold Project is situated in a highland desert plateau in south-western Peru. The Company owns a 100% interest in the Cueva Blanca Property, covering approximately 1,200 hectares, located in the Lambayeque Department in northern Peru. The South Rim project area is located in central British Columbia approximately 130 kilometers south of Houston. Beaverdell Gold/silver Property is located in the Greenwood Mining Division of British Columbia.
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