×

Centor Inc. Elects to Exercise Option to Purchase ACHAA Gold Concession

WINTERPARK, Fla., May 29, 2013 (GLOBE NEWSWIRE) -- Centor, Inc. (OTCBB:CNTO) is pleased to announce that it has elected to exercise its option and proceed with the purchase of the Achaa Mining gold concession at Anyinaso ("Anyinaso Concession") in Ghana West Africa. The Anyinaso Concession is located in the Ashanti Gold Belt and consists of approximately 26.67 sq. km along the eastern margin of the Setwi Belt.

The Anyinaso Concession is approximately 30 km southeast of the Newmont mine at Kenyasi with initial reconnaissance exploration work showing promising results and warranting further testing. The option agreement allows the Company 6 months for initial testing. The Company is finalizing a new test program to implement in the near future, which will include detailed soil sampling in target areas between River Awontaso and Offin Shelterbelt Forest Reserve.

The location of the Anyinaso Concession at the northern section of the Safi Belt and Western end of Kumasi basin makes it a very good potential area for both structural contact as well as intrabasinal sediment gold mineralization. Adjacent properties include the Jeni River Concession where Jeni River Gold Mines recovered approximately 300,000 oz of gold from its alluvial operations over 7 years, with much of the gold recovered also potentially being sourced from hard rock of the Anyinaso Concession. Seven Km to the north of the Anyinaso Concession is the Mpesetia deposit, where Ashanti-Bibini mined approximately 100,000 oz of gold from an open pit operation. To the southeast of Anyinaso there are four open pits minded over the past ten years by Resolute Mines which produced a total of 30 million tons of 2.0 gm. Au. These occurrences seem to all be in similar geology and structural setting as the Anyinaso Concession.

The Company management expects to report further finding upon completion of the next phase of testing. Given the size of the Anyinaso Concession and current findings including the proximity and similarity to existing known high volume gold producing mines the Company is optimistic that the Concession will be productive affording shareholders long term revenues and growth.

The company's website is www.centorresources.com

FORWARD LOOKING STATEMENTS

Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual result and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change, other than as required pursuant to applicable securities laws.

CONTACT: Bradley Wilson, President and CEO Centor Resources, Inc. For further Information and inquiries please call: 866-491-3128Source:Centor, Inc.