San Anton Resource Corporation
TSX : SNN

San Anton Resource Corporation

December 10, 2007 09:00 ET

San Anton to Increase Project Ownership

OTTAWA, ONTARIO--(Marketwire - Dec. 10, 2007) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

San Anton Resource Corporation (SNN:TSX) announces that it will sole fund the November, 2007 to October, 2008 budget for the San Anton property, located in the state of Guanajuato, Mexico. The property is currently 51 per cent owned by the Company and 49 per cent owned by Goldcorp Inc. Goldcorp has elected not to participate in the 2007/2008 budget and San Anton intends to fund the entire $10.8 million program on its own with the effect that Goldcorp's interest would be diluted to approximately 34 per cent. The 2007/2008 program will consist of ongoing metallurgical studies, a preliminary assessment and expansion drilling on the Cerro del Gallo deposit, and exploration drilling on other targets on the property. Goldcorp may elect to participate in subsequent programs.

The Toronto Stock Exchange has neither approved nor disapproved the contents of this press release. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of San Anton are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the expectations of San Anton are detailed from time to time in the filings made by San Anton with securities regulators.

Contact Information

  • San Anton Resource Corporation
    Gregory Bowes
    President & CEO
    613-729-9006
    or
    San Anton Resource Corporation
    Christian Del Valle
    Manager, Corporate Development
    613-729-9006