Thomson Reuters Business Description
Armadillo Resources Ltd acquires, explores and develops base and precious metals properties throughout North and South America. The Company’s properties include Waverley-Tangier Property and LD Property. As of May 31, 2011, the Company held an option to earn a 60% interest in the Waverley-Tangier gold/silver/lead/zinc property located in eastcentral British Columbia. The property forms a continuous block of 25 un-patented claims totaling 11,344 hectares and is located in the Revelstoke Mining Division of central British Columbia. The Company is focused on purchasing a 100% interest in the LD gold property. The LD property is located 12 kilometers southeast of Atlin, British Columbia. The claims comprise 12 two-post claims totaling 300 hectares. On October 11, 2011, the Company terminated the letter agreement announced re the granting of an option to LKH Investment Group to acquire a 40% interest in the Aripuana Property, Amazon Basin, Brazil.
