Avalon on the hunt in Ecuador

April 9, 2017

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Metals explorer Avalon Minerals has signed letter of agreement with TSXV-listed Cornerstone Capital Resources over the Bramaderos project, in Ecuador.

Avalon will earn an initial 51% interest in the mineral rights at Bramaderos concession by paying $50 000 to Cornerstone subsidiary La Plata Minerales (Plamin) on the execution of the binding letter agreement, and by spending $1.5-million on exploration within the first year of the agreement, or $1.9-million before the third year of the agreement.

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