San Marco to Sell La Pinta 06 to a Subsidiary of Goldcorp

https://www.sanmarcocorp.com/news/2017/san-marco-to-sell-la-pinta-06-to-a-subsidiary-of-goldcorp/

Vancouver, B.C. – June 15th, 2017: San Marco Resources Inc. (SMN: TSX-V) has entered into an agreement to sell its La Pinta 06 concession in Zacatecas, Mexico to a subsidiary of Goldcorp. Inc. for $4,090,545 MXN ($225,000 USD) and a 1% net smelter return royalty on future production from the concession. Completion of the sale is subject to the approval of the TSX Venture Exchange.

The monies generated from the sale of La Pinta 06 concession, a non-core asset, will go into working capital as San Marco focuses on its recently announced drill program on its Chunibas project, trenching program on its Oregano project, further ground work surface sampling on its 1068 project and its on-going generative program.

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