WINTERPARK, Fla., May 13, 2013 (GLOBE NEWSWIRE) -- Centor, Inc. (OTCBB:CNTO) is pleased to announce the acquisition of 100% interest in the Nobewan Gold Concession in Ghana West Africa from Bullnet Gold Resources Limited.
The Nobewan Concession is 40.3 square kilometers located on the western flank of the Ashanti Gold Belt largely within the Kumasi Basin Sediments. The Ashanti Gold belt is the oldest and most proven of all Ghana gold belts. The area was and continues to be the focus for gold exploitation in Ghana. The Ashanti Belt now has an aggregated gold endowment (past production + resources and reserves) in excess of 125,000,000 ounces of gold. The Nobewan Concession appears to share many geo-tectonic similarities and is in close proximity to proven gold reserves of some of the major companies in the area including: Anglo Gold Ashanti, Newmont and Chirano. This region is undoubtedly one of the richest gold resources in Ghana and one of the world's premier gold belts.
With the acquisition the Company obtained testing already completed by Newmont on the Concession including soil geochemistry, VLF, electromagnetics and geological mapping that indicated many encouraging results, including well-defined magnetic banding and high anomalies at the north-eastern and southwestern portion of the concessions that warrant further testing. The Company is planning to initiate an immediate testing program to further refine identified target areas including a 1.8km strike zone observed in the central portion of the concession.
The Company management expects to report further finding and operational plans in the foreseeable future. Given the size of the Nobewan concession and review of existing reports the Company is optimistic that the Concession will be productive affording shareholders long term revenues and growth.
The company's website is www.centorresources.com
FORWARD LOOKING STATEMENTS
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual result and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change, other than as required pursuant to applicable securities laws.