CIG now EQE. 5.6 Cents per share with $14million capital.Had...

CIG now EQE. 5.6 Cents per share with $14million capital.

Had trouble researching so will have to wait and see what unfolds. Not counting my chickens

GL notthemama

To be renamed “Equus Mining Limited”
Caspian Oil & Gas Limited ABN 44 065 212 679
Level 2, 66 Hunter Street, Sydney NSW 2000
Phone: +61 2 9300 3366 fax: +61 2 9221 6333 email: [email protected] web: www.caspianogl.com
2
Background
Caspian acquired an interest in the Naltagua Copper District (Naltagua) in Chile by
purchasing un-listed public Australian company Equus Resources Limited.
Shareholders approved the acquisition at a General Meeting held on the 31 August
2012.
Naltagua is located 80 kilometres southwest of Santiago and 75 kilometres southeast of
the port city of San Antonio and is well serviced by major infrastructure. Caspian is
initially targeting the Yerba and Araya project areas at Naltagua; both of which show
geological similarities to the large, Anglo American-owned El Soldado Cu-Ag deposit
(200 Million tonnes @1.35% Cu) – a manto-type deposit located 135 kilometres north of
Naltagua (Figure 3).
Caspian holds an option to acquire 100% of a contiguous group of 14 mining licences
covering an area of 18.05 square kilometres and 75% of the known extent of the
Naltagua Copper System. Under the terms of the option agreement, Equus has the
right (but not the obligation) to acquire the mining licences on an outright basis by
making a payment of US$100,000 in September 2013 and a final payment of US$4.3
million in September 2014 to the licence holder.
For further information please contact:-
Ted Leschke, Managing Director
Ph: +61 2 9300 3366
Email: [email protected] or [email protected]
Information in this report that relates to Exploration Results for Naltagua is based on information compiled by Mr
Robert Perring, who is a Member of the Australian Institute of Geoscientists. Mr Perring is a consultant to Caspian
and a non-executive director of Caspian’s subsidiary, Equus Resources Limited and has sufficient experience
relevant to the style of mineralisation and type of deposit under consideration and to the activities reported on to
qualify as a Competent Person as defined in the 2004 Edition of the ‘Australian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves’. Mr Perring consents to the inclusion of the information in this report
of the matters based on information in the format and context in which it appears.
Sampling and assaying: Sampling has been conducted by qualified geologists using a sample interval of 2m and
5m. Assay results have been composited (weighted arithmetic mean) to give an average grade estimate for the
interval sampled. The samples were assayed for copper (and 33 other elements) by aqua regia digest ICP-ES/ICPMS
at Acme Analytical Laboratories, Santiago, Chile.
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