09:57 AM EST - Aurion Resources Ltd. : announced that it has entered into a binding letter of intent or LOI with Cazador Resources Ltd., under which, Aurion has the option to acquire a 100% interest in the Lavington gold property in Southern British Columbia. Following the LOI, Aurion can earn a 100% interest in the Lavington Property by completing $100,000 in exploration expenditures, making staged cash payments totaling $100,000 and issuing a total of 100,000 common shares in Aurion over four years to Cazador. The Lavington property comprises four mineral claims covering 1156 hectares, located approximately 10 km east of Vernon. Aurion considers the property to be prospective for large, bulk tonnage gold deposits. Aurion Resources Ltd.
shares V.AU are trading even at $0.20.
