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Rio Alto Mining Acquired Mining Concessions at La Arena
Mar. 04, 2010 11:30AM PST
Base Metals Investing Rio Alto Mining Limited (TSX VENTURE:RIO)(BVLAC:RIO)(DBFrankfurt:MS2)reported that Rio Alto S.A.C., a wholly-owned Peruvian subsidiary of the Company, has acquired five mining concessions consisting of 4,300 hectares contiguous to the 20,673 hectares making up the Company’s La Arena Project.
Rio Alto Mining Limited (TSX VENTURE:RIO)(BVLAC:RIO)(DBFrankfurt:MS2)reported that Rio Alto S.A.C., a wholly-owned Peruvian subsidiary of the Company, has acquired five mining concessions consisting of 4,300 hectares contiguous to the 20,673 hectares making up the Company’s La Arena Project.
The press release is quoted as saying:
Rio Alto Mining Limited is focused on developing the La Arena Gold Oxide Project by the end of 2010 to become the next company in Peru to bring a gold project into production and to use cash flow from production to further develop its assets in Peru and Mexico.
Click here to access the entire press release