414  0 Kommentare Reservoir Minerals Reports Discovery of Gold Mineralization at the Konjsko Project, and an Update of Activity in Macedonia

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 2, 2015) - Reservoir Minerals Inc. ("Reservoir" or the "Company") (TSX VENTURE:RMC)(OTC PINK:RVRLF)(BERILN:9RE) is pleased to report initial results from gold exploration in the Konjsko Mineral Exploration Concession, Macedonia, and a successful bid for the Dvoriste Mineral Exploration Concession for copper-gold, Macedonia. The highlights include:

• Systematic channel sampling on the "road cut" locality in the Konjsko Concession yielded an average grade of 2.00 grams per tonne (g/t) gold along a 19 metres profile of continuous outcrop.
• The Macedonian government granted the Company a 1.36 square kilometres extension, covering the trend of gold mineralization, to the Konjsko Concession.
• The Macedonian government has awarded the Company the 25.4 square kilometre Dvoriste Mineral Exploration Concession, which has good exploration potential for porphyry copper-gold mineralization,

Dr. Simon Ingram, President and CEO of Reservoir Minerals Inc. commented: "The discovery of significant gold mineralization in the Konjsko Concession, Macedonia, is an encouraging result from our continuing project generation activities in the region. The Company is pleased to be working in Macedonia, where we have established a significant presence in the active exploration and mining community and received positive encouragement from the government and its agencies. We look forward to continuing Reservoir's success in the new Dvoriste Concession where we can apply our skills at exploration for porphyry copper-gold mineralization."

Macedonia has a long tradition of mining that continues today with active lead-zinc (Sasa) and copper-gold (Bucim) mines as well as new development projects (Ilovica, Kazandol). The mining and exploration industry is recognized by the Macedonian government as a significant contributor to the GDP, and is supported by all relevant ministries; foreign direct investment is a cornerstone of the Macedonian government strategy. The mining sector is regulated by a modern mining law that was last revised in 2014.

A map showing the locations of the Company's Exploration Concessions in Macedonia is posted on the Company website (www.reservoirminerals.com).

Konjsko Mineral Exploration Concession

Background

The Konjsko Mineral Exploration Concession, including the recently granted extension area, covers an area of 29.97 square kilometres and is valid for four years until July 4, 2017. The concession is located in the Kozuf Massif, southern Macedonia.