G4G Resources not proceeding with Anetta Geothermal project in Argentina

Salta, Los Cardones National Park, Argentina (source: flickr/ vtveen, creative commons)
Alexander Richter 8 Sep 2010

Canadian G4G Resources cancels acquisition of the Anetta Geothermal properties in Argentina.

“Canadian G4G Resources Ltd. announces that it will not pursue the acquisition of the Anetta Geothermal Properties in the province of Salta, Argentina, from Area Geofisica ENG s.a. G4G originally announced the acquisition agreement on December 18, 2010.

G4G is focusing its attention on the development of iron sands properties in Guatemala, which was announced on May 10, 2010.”, so a statement by the company today.

Source: Release via Marketwatch