All Grade to Acquire Chile Copper Project

All Grade Mining Inc. (OTCQB:HYII) announced that will be acquiring the Jose Del Transito copper project in Chile. The company plans to take control of the mine in the next few weeks.

As quoted in the press release:

The Jose Del Transito Project is located approximately 3 kilometres north east of Ovalle. The mountain ranges surrounding the city are known for its minerals, gold, silver, copper and iron ore. The project currently has three substantial sets of artisanal workings and several small shafts in the project area, which indicates that the property is ideal for both open pit and stope mining. The mine is currently producing 1,100 tons per month and the Company has estimated a production lifespan of 15 years.

Click here to read the full All Grade Mining Inc. (OTCQB:HYII) press release.