TORONTO, ONTARIO–(Marketwire – July 6, 2011) – Forrester Resources Corp. (“Forrester”) is pleased to announce that it has begun a Controlled Source Audio-magnetotellurics (“CSAMT”) geophysical survey across the Las Princesas Project, Peru. The Las Princesas Project lies between the Quiruvilca silver mine owned by Pan American Silver Corporation and Barrick Gold Corporation’s Lagunas Norte Gold Mine. The mineral concessions comprise of 1,050 hectares located in La Libertad Department, Santiago de Chuco Province in Perú. Quantec Geoscience (Peru) S.A.C. (“Quantec”) has been commissioned to carry out the 51 line kilometre survey, with fieldwork scheduled to be completed by the end of July 2011.
CSAMT survey is a geophysical technique that provides deep geologic information based on lateral and vertical resistivity contrasts. Anomalously high and low resistivity values measured are associated with underlying rocks that have undergone silicification and argillization, respectively. Results from the CSAMT survey will be used to identify potential drill targets required to justify and plan a 2012 drill program.
Forrester Resources Corp. is a Toronto-based private company. It is focused on the exploration and development of precious metals projects. The Company is active in Peru and is continually looking for near-term production opportunities within the Americas.