DTOR News

Del Toro Executes Amendment to the Purchase Option Agreement for The Natchez Pass Gold Property

2012-10-04 09:45 ET - News Release

CARSON CITY, Nev., Oct. 4, 2012 (GLOBE NEWSWIRE) -- Del Toro Silver Corp. (OTCBBTOR) ("Del Toro" or the "Company") announces that, on September 27, 2012, the Company executed an Amendment to the August 31, 2012 Partial Purchase Option Agreement with Natchez Pass LLC for the Natchez Pass Gold Property located in Pershing County, Nevada ("Property").

Under the terms of the Amendment, Del Toro intends to conduct its physical, on-site due diligence through Valley Excavating LLC (Valley), a Virginia domestic limited-liability company. Valley was a previous operator of the Property and will perform all work as an independent contractor, furnishing the equipment, manpower and insurances necessary to perform the due diligence work plan. Profits from any gold produced during the due diligence testing will be split accordingly: Del Toro 60%, Natchez Pass LLC 20% and Valley 20%.

Mobilization of equipment to the site is expected to begin October 8, 2012 with the due diligence testing fully commenced shortly thereafter.