Mustang Geothermal Starts Exploration at the Condoroma Project in Peru

Mustang Geothermal Corp. (OTC:URXE) reports that it has started exploration at its Condoroma-Chaquelles geothermal concession in southern Peru.

The press release is quoted as saying:

The Condoroma exploration concession consists of a 900 hectare parcel located in the Department of Cusco near the settlement of Chaquelles 29 kilometers southeast of the Swiss based Xstrata plc’s Antapaccay copper project.  In 2010 Xstrata plc Board approved an investment of US$1.47 billion to develop the Antapaccay copper project as a major long-life, low cost brownfield expansion to the Tintaya copper mine.

Click here to access the entire news release.