Nilam Resources Inc. Releases Their 2013 Corporate Plan Which
Includes the Llipa & El Varon Properties in Peru that are in
Close Proximity to Other Great Billion Dollar Projects
LIMA, Peru, Jan. 17, 2013 /PRNewswire/ -- Nilam
Resources Inc. ("Nilam" or the "Company") (NILA-OTCQB) announces
today their 2013 Corporate update that includes their Llipa &
El Varon Properties in Peru that
are in close proximity to other Billion Dollar projects.
The 2013 initiatives of the company are as follows;
- El Varon Next phase plan
- Llipa Next Phase plan
- Addition of experienced management
- Financing of the company short and long term
- The acquisition of other properties
El Varon will be the first property to yield results from the
geological team, the expectations (weather permitting) are expected
within the first quarter and the team has already visited the site
and plans to begin their work shortly.
Overview: The El Varon project consists of "Tati" and
"San Marino No.2" mining concessions which are located in close
proximity to the great Morococho and Toromocho mines near
Lima. Previous laboratory analysis
shows rich poly-metallic mineral deposits rich in Gold, Silver,
Copper, and Zinc metals with production estimates that are
expected to grow up to 6,000 tonnes/month of production.
Llipa will be the second property to yield results from the
geological team, as the process may take longer than El Varon as it
is located much further from Llipa and weather can present a much
greater challenge.
Overview: The LLIPA project has two major mining
concessions in Central Peru
located in between the great Antamina and Cerro de Pasco mines and shows a strong
potential for becoming a major poly-metallic open pit mine. The
mine was previously in production and had already produced 1
million tons of tailings containing copper, gold, silver, and zinc
which currently remain on the property.
Upon receiving the results for the geological team, the company
intends to commission a N43-101 report on each property, said
report will be conducted by a qualified person based on the N43-101
instrument.
Management and infrastructure is vital to any company, this year
Nilam will be adding management depth to the company, the plan is
to add a geologist, CFO, mining manager, and other dedicated
experienced professionals that share the Nilam vision.
The company has been offered numerous financing options, they
vary in size and depth but all have been very attractive. The short
term needs must first be met, and with the addition of management,
a long term package must be negotiated for the best interests of
the company.
Nilam currently has two great opportunities, but is always
looking for more properties, joint ventures and partners within the
industry. In 2013, the company believes many of these opportunities
may come to fruition. The company will update the public via news
release and its website.
For more information, please visit
www.southamericanmining.com
Shahin Tabatabaei, President and CEO for Nilam Resources Inc.
added, "Our 2013 initiatives are aggressive in nature but I believe
they can be achieved. I am personally looking forward to and
I am up for the challenges this year and beyond."
About Nilam Resources Inc.
Nilam Resources Inc. is focused on the exploration and production
of precious and base metals on their current Llipa and El Varon
properties in Peru. The Nilam
Resources Inc team will research, review and prove any reserves for
the purpose of production as part of its growth plan. The
company also plans to recognize, and acquire near-term production
mining properties as part of its further growth strategy.
Symbol: OTCQB – NILA
FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under
the Private Securities Litigation Reform Act of 1995: Statements
relating to the company's business activities and other statements
in this press release are forward-looking statements within the
meaning of the Securities Litigation Reform Act of 1995. Such
statements are based on current expectations about the Company's
business. Words such as expects, anticipates, intends, plans,
believes, estimates and similar words and expressions are intended
to identify such forward-looking statements. These statements
involve risks that are difficult to evaluate. Actual results can
vary from descriptions herein due to many factors including changes
in metal prices and business conditions; changes in laws and
regulations; problems encountered in exploration and obtaining
permits; changes in the competitive environment; technological
advances; shortages of skilled workers, drill rigs and equipment;
the need for additional capital and other risks listed in the
Company's Securities and Exchange Commission filings under "risk
factors" and elsewhere. Forward-looking statements speak only as of
the date they were made. The Company does not undertake any
obligation to update forward-looking statements.
Contact:
info@southamericanmining.com
SOURCE Nilam Resources Inc.