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AQM Copper Inc. Announces 50/50 JV With Teck for Zafranal Project
Jul. 08, 2010 12:33PM PST
Base Metals Investing AQM Copper Inc. (TSX VENTURE:AQM)(BVLAC:AQM) announced the amendment of the original option agreement with Teck Peru S.A., a subsidiary of Teck Resources Limited, whereby AQM Copper will immediately vest at a 50% interest in the Zafranal Project and Teck and AQM would form a 50/50 JV for the continued exploration and potential development of the Zafranal Project through a sole purpose Peruvian company.
AQM Copper Inc. (TSX VENTURE:AQM)(BVLAC:AQM) announced the amendment of the original option agreement with Teck Peru S.A., a subsidiary of Teck Resources Limited, whereby AQM Copper will immediately vest at a 50% interest in the Zafranal Project and Teck and AQM would form a 50/50 JV for the continued exploration and potential development of the Zafranal Project through a sole purpose Peruvian company.
The press release is quoted as saying:
AQM Copper Inc. is a Canadian based mineral exploration company developing copper deposits in South America. Through its wholly owned Peruvian subsidiary, Minera AQM Peru SAC, the company is developing the Zafranal Copper-Gold Porphyry Project located in Southern Peru.
Click here to access the entire press release