The Conversation (0)
Arena Minerals Announces Option to Acquire the La Finca Property in Chile
May. 10, 2017 08:27AM PST
Base Metals Investing Arena Minerals (TSXV:AN) (“Arena” or the “Company”) is pleased to announce it has entered into an agreement to acquire 100% of the La Finca Property, an undrilled Cu-Mo porphyry target located in Region III of Chile approximately fifteen kilometers north-east of the village of Inca De Oro and thirty-five kilometers SE of the town of Diego …
Arena Minerals (TSXV:AN) (“Arena” or the “Company”) is pleased to announce it has entered into an agreement to acquire 100% of the La Finca Property, an undrilled Cu-Mo porphyry target located in Region III of Chile approximately fifteen kilometers north-east of the village of Inca De Oro and thirty-five kilometers SE of the town of Diego de Almagro (“La Finca”).
As quoted in the press release:
“Acquiring La Finca adds a strong target to our portfolio. La Finca fits our criteria in which we aim to select high quality copper porphyry properties at low elevations with a relative infrastructure advantage ” stated Will Randall, President and CEO of Arena. He added, “La Finca’s average elevation is approximately 2,000 metres above sea level, with year-round access, and near several advanced projects dominated by El Salvador mine, operated by state owned Codelco. Having the option to earn into 100 percent of La Finca gives Arena the flexibility to add potential partners down the line. Along with the Sierra Gorda project we are very excited about the prospects of our portfolio.”
