| |  
| | May 11, 2010
Arco Settles Lawsuit against Mayan Minerals
|
| | May 10, 2010: Vancouver, B.C.: Arco Resources Corp. (TSX-V: ARR) ("Arco" or the "Company") announces that it has agreed to a cash settlement of its lawsuit against Mayan Minerals Ltd., Kee Nez Resources, LLC and Mr. Terry Heard (see news release dated November 3, 2008). The lawsuit arose in connection with the payment of land registration and maintenance fees and expenses on mining claims located near the Dolores Anticline in the State of Colorado. These claims were the subject of a letter of intent under which Atomic proposed to option them from Mayan and Kee Nez. As part of the settlement, Mayan also agreed to drop its counterclaim against Arco.
About Arco Resources
Arco holds a 100% interest in seven mineral claim blocks, all located in the State of Oaxaca, Mexico. The Company has begun to focus its efforts on its Taviche and Predilecta claim blocks, each of which has had historical production of gold and silver. The Company currently has agreements in principle to option 100% interests in its Lachiguiri, Silacayoapan and Nino Perdido Property (to Silex Ventures Ltd.) and in its Tres Hermanas Property (to Zodiac Capital Ltd.).
For further information on the Company please go to www.arcoresources.com, or contact Ian Tootill, Director of Investor Relations, 604 639 2866 ext 110. or at ian@arcoresources.com. On behalf of the Board of Directors of Arco Resources Corp.
"Warren McIntyre"
Warren McIntyre
President and Chief Executive Officer
Arco Resources Corp. |
| |
| | You can view the Next News Releases item: Wed May 26, 2010, Arco Signs Long-Term Property Access Agreement
You can view the Previous News Releases item: Wed May 5, 2010, Arco's Lachiguiri Property Meets Minimum Listing Requirements
You can return to the main News Releases page, or press the Back button on your browser.
|
| |
