July 10, 2017
Hamilton Resources, Ltd., the investment capital partner and one of the controlling shareholders of Gorgona Gold S.A.C., announced today that Gorgona has terminated its plans to participate in a business relationship with Latin American Mining, a Chilean-based copper producing company.
Gorgona Gold S.A.C., a Peruvian-based mineral exploration company, and Latin American Mining (LAM) Chile, had plans to combine certain assets and list on the Australian Stock Exchange. After completing final due diligence Gorgona submitted a letter of termination to LAM based on disclosure that certain LAM assets may not be included in the business combination as previously agreed upon.
About Hamilton Resources:
Hamilton Resources is a Peruvian mineral exploration company engaged in the acquisition, exploration, and potential development of precious and base metal properties, principally in Peru. Hamilton has initiated ten different mining projects located across 23 different concessions covering base and precious metals.