VVC to Acquire Camex Mining

VVC Exploration Corporation (TSXV:VVC) announced that they have signed a letter to acquire Camex Mining Development Group Inc.

As quoted in the press release:

Camex was incorporated in 2010 and is in the business of developing mineral resources primarily in Mexico. The principal assets of Camex are the Samalayuca and Escondida properties in northern Mexico. Samalayuca is located in Chihuahua State, approximately 60 km south and west of El Paso, Texas. The property comprises the Kaity claim, a 1623 hectare copper/gold property with a stratiform, sedimentary copper deposit carrying significant gold and silver values over a mineralized zone of at least 5 km. Camex owns 33.75% of the property with another 25% owned by Firex, S. A. de C. V., a mining engineering company planning a $7M pilot plant, which could generate cash flow when in production. Escondida is located in Sonora State, approximately 140 km south of Tucson, Arizona. It is an epizonal gold-silver-zinc deposit, with three major mineralized structures, covering 178 hectares. The property has shown interesting grade values of silver and gold in surface grab samples.

To view the whole press release, click here.