Corex Grants Vale Option for 65 Percent Interest in Santana Project

Corex Gold Corp. (TSXV:CGE) announced that it has granted Vale S.A. the option to acquire up to a 65% interest in their Santana Project by making work expenditures of $16,000,000.

As quoted in the press release:

The objective of this alliance is to further develop the copper-gold porphyry target on the Santana Project, in Sonora State, Mexico.

Corex’s President and CEO, Craig Schneider, said:

We are very pleased to have a Company such as Vale as a strategic partner to further advance the Santana Property to its next phase of development, and unlock the project’s porphyry potential.

To view the full press release, click here.

Get the Latest Copper Investing Stock Information

Get the latest information about companies associated with Copper Investing delivered directly to your inbox.

Copper
+ see more

Select All Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Comments

Leave a Reply