Virgin Metals Inc. (CVE:VGM) announced that it has acquired 100% title to the Potreritos deposit concessions in Sonora, Mexico.
The press release is quoted as saying:
The Potreritos deposit neighbors the Company’s Los Verdes copper/molybdenum reserves and has the potential to significantly enhance the economics of that project.
Virgin Metals’ President and CEO, Chris Frostad said:
“Since the new management group became involved with Virgin Metals one of our primary goals has been to increase the size of the reserves available for the development of the Los Verdes project.” “The proximity, mineralogy and composition of the Potreritos deposit will allow for its incorporation into to the development of the Los Verdes operation with minimal adjustments to the engineering plans or expected capital costs. We now have a second source of mineralized rock that potentially can feed the common processing facility being planned for Los Verdes.”