🕐21.01.10 - 14:56 Uhr
Eurasian Minerals Inc. Continues Relief Efforts in Haiti and Announces Grand Bois
Vancouver, British Columbia, January 20, 2010 (TSX Venture: EMX) Eurasian
Minerals Inc.
(the
Company or EMX) announces that given the recent devastating earthquake,
EMX and joint venture
partner Newmont Ventures Limited (Newmont), a wholly owned subsidiary of
Newmont Mining
Corporation, are temporarily suspending exploration activities in Haiti to
focus in-country resources and
staff on directly assisting the relief efforts currently underway.
The
Company expresses the deepest
sympathy for all those affected by the earthquake, as well as continued
support for our Haitian staff and
their families and communities.
EMX is committed to playing a key role in the development of Haitis mineral
sector as the country
rebuilds, and announces it has made the first anniversary payment to Socit
Minire Citadelle, S.A.
(Citadelle) as a requirement to acquire 100% interest in the Grand Bois
gold-copper property.
The
payment totals US$1,000,000 as a combination of US$250,000 in cash and the
issuance 338,877 common
shares of EMX pursuant to the terms of the purchase agreement.
The share
issuance has been approved
by the TSX Venture Exchange, and is subject to a regulatory hold period
until May 20, 2010.
The Grand
Bois payment is a significant investment that is indicative of the Companys
long term commitment to the
country of Haiti.
For additional details on the terms of the agreement
please refer to the January 26, 2009
press release on the Companys website, www.eurasianminerals.com.
Grand Bois
is a Designated Project
with joint venture partner Newmont.
For further information contact:
David M.
Cole Kim C.
Casswell
President and Chief Executive Officer Corporate Secretary
Phone: (303) 979-6666 Phone: (604) 688-6390
Email: Email:
Website: www.eurasianminerals.com
Neither TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement:
Some of the statements in this news release contain forward-looking
information that involves inherent risk and
uncertainty affecting the business of Eurasian Minerals Inc.
Actual results
may differ materially from those
currently anticipated in such statements.
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