LAS VEGAS, NV--(Marketwire - Dec 2, 2012) - Fernhill Corporation, (PINKSHEETS: FERN) is incorporated in Nevada and is a development-stage exploration and mining company. The primary business of the Company is an exploration and mining company focused on identifying and developing advanced stage precious metal exploration projects. It is engaged in the business to identify, explore, develop and operate mineral exploration properties, and to provide mine exploration and operation services to mining properties located throughout North America.
The company is nearing a final agreement with its British Columbia, Canadian mining initiative. Additional analysis of the property will be completed over the next few days with a selection and agreement following thereafter. Both parties will then, with their respective legal teams, work out the details of the contract which we hope to be completed in the coming days. The final points of negotiations include financial commitments, net smelter royalties and amount of preferred stock in exchange for the target assets.
The property does have both an intriguing blend of substantial maturity and promising future development expectations.
Management stated, "We have a number of potential options on the table, but have narrowed this property as its number one prospect to date."
Fernhill Corporation would also like to announce the launch of its corporate website at: www.fernhillcorp.com
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