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.
Is the “looming copper supply crunch” fact or fiction? It’s time to debunk a few industry myths.Learn everything an investor needs to know about copper supplies and demands. Click below to download a FREE industry report on copper investing.
Send me the report!
Click here to download for free