China Digital Venture Corp. (OTCBB:CDVV) announced that it will acquire an equity stake in the Sao Camilo iron-manganese project.
As quoted in the press release:
Since it started its exploratory activities in mid-2005, Sao Camilo has developed several research activities aimed at investigating the quality and the volume of the iron and manganese ores. Over the next 12 ~ 18 month period, the project will commence in-depth research conducted as per NI 43-101 or JORC standards to obtain an internationally certified reserve.
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