This prior news release pertains to High Ridge's defamatory statement and Grenville Gold's reply.
Grenville Gold buys 3,393 hectares in Peru
2007-07-17 13:10 ET - News Release
Mr. A. Paul Gill reports
GRENVILLE GOLD ANNOUNCES ACQUISITION OF 3933 HA OF LAND ENCOMPASSING FOUR SILVER MINES IN PERU
Grenville Gold Corp. subsidiary Inversiones Mineras Alexander S.A.C. has purchased 3,393 hectares from the community of Viso.
The land encompasses the Pacococha, Millotingo, Silivera and Germaina mines in the district of San Mateo de Huanchor, province of Huarochiri, department of Lima. The purchase of this land covers the surface of Grenville's mineral titles in the area and other neighbouring mineral properties. Pursuant to the agreement, Grenville will allow the community members to access farmland, use water from ponds and streams, give preference to the community when hiring for mine staff, and return the land to the community of Viso after mining operations are concluded.
"Grenville has created a partnership with the community surrounding the Siliveria project and we plan to be good neighbours," stated A. Paul Gill, president and chief executive officer of Grenville Gold. "We are fully committed to creating wealth in the region that will benefit all of our partners and shareholders."
The property is bordered to the north and west by property owned by the community of Viso, to the south by the community of Checa which is located in the district of San Damian, and to the east with land owned by the community of San Antonio. Ownership of the land and surface rights is a key ingredient to the development of the Silveria property.
Grenville will announce further developments as information becomes available.
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