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Freyja Resources set to impress at Proactive Forums in Vancouver, Calgary and Toronto this month

Published: 09:25 04 Apr 2014 EDT

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Freyja Resources (CVE:FRA), which just received a drilling permit for its flagship Las Cristinas project in Mexico with the aim of bringing it to production by year-end, is set to present with us this month at our next Proactive Investors One2One forums across Canada. 

The Proactive Investors One2One forums promise to provide direct access to the bosses of some of the nation’s most dynamic growth companies. In six years, Proactive has organized more than 300 events and introduced investors to some of the stock market’s best-performing stock market listed companies.

Indeed, this time is no different. Freyja announced late last month that it received a government drilling permit in Mexico for its Las Cristinas property, with the first 1,000 metre drilling phase expected to start in April. The company is expecting more drilling targets to be identified in the coming weeks, with a total of 3,000 metres planned.

The news came after the Canadian junior explorer announced results from its initial sampling program completed last year at the property, which focused on the southern end, with initial results wowing investors on grades as high as 17.95% copper and 429 g/t of silver. 

Aside from beginning a drilling program, the company also recently raised a total of $615,000 in debt, and an additional $1.02 million through a share exchange private placement with Global Resources Investment Ltd. (GRIT) out of the UK. 

With all these factors in play, Freyja is sure to attract investors with its business model of acquiring projects that have short-term open pit production potential, like Las Cristinas, where the company can fund further expansion drilling through cash flow and minimize shareholder dilution.

The initial phase of drilling at Las Cristinas is planned to focus on the southern end of the property, where small scale copper production took place in the early 1970s. This region therefore hosts old underground workings and includes several drifts and adits, with all current access roads located at this end of the asset. 

The main goal of the 3,000 metre drilling program will be to delineate the initial planned open pit production area, the company has said, and after the drilling is completed, the plan is to build an on-site heap leach pad.  In addition, metallurgical tests to determine recovery rates of copper and silver are underway, providing a better indication of costs.

Directors of Freyja will be presenting their story beginning on Tuesday April 15 at the Metropolitan Hotel Vancouver - 645 Howe Street, Cristal Room. The company will make a 20 minute pitch followed by a 10 minute inquisition by a roomful of potential investors. 

This forum will be followed by similar events in Calgary on Wednesday April 16, and Toronto on Wednesday April 23. For more details on the events, and to register, please click here

Once Freyja has presented, complimentary canapés and beverages are available for 90 minutes during a break-out session, where attendees can mingle with other guests, or ask more questions to the presenters. 

We look forward to seeing you there!

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