WINTERPARK, Fla., April 30, 2013 (GLOBE NEWSWIRE) -- Centor, Inc.; (OTCBB:CNTO) is pleased to announce that Centor has begun gold exploration and mining operations focused on the discovery of hard rock reserves and the development of alluvial mining operations in Ghana West Africa. The Company believes that Ghana offers significant opportunities for long-term profitability. Key factors include a proven gold resource and infrastructure, available labor force, 50 plus years of political stability and most importantly huge untapped reserves.
The Company is targeting larger concessions with a significantly large land area to offer opportunities that will take years to fully exploit. The first concession acquired by the Company is the Nobewam Concession, which is 40.3 square kilometers located on the western flank of the Ashanti Gold Belt and in the Kumasi basin of Ghana. The Ashanti Gold Belt is the oldest of all Ghana gold belts and one of the most proven and richest gold resources in the world.
As of April 24, 2013 the Company also finalized an option agreement to purchase Achaa Mining Limited, a Ghanaian company. The acquisition of Achaa will provide the Company and additional concession of 26.67 square kilometers within the Ashanti Gold Belt.
The Company looks forward to reporting additional progress on the opportunities currently being developed in Ghana. The Company corporate strategy is to build a world-class team to explore, discover and develop gold deposits in Ghana West Africa and provide maximum benefit to the shareholder.
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.