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Inca One Metals Corp. (TSXV:IO) announced it has entered into a definitive letter agreement with Rial Minera SAC and its shareholders, pursuant to which it has been granted an option to acquire all of the issued and outstanding shares of Rial. Rial is a private Peruvian company that owns a 100% interest in the Las Huaquillas gold-copper project (the “Project”), located in the Department of Cajamarca in northern Peru.
As quoted in the press release:
Peru, a mineral rich country, is the largest gold producer in South America (6th worldwide), the world’s largest producer of silver and the 2nd largest producer of copper worldwide as of 2009. (1) “The Cajamarca mining district, located in northern Peru, has one of the largest gold inventories in South America with the economic high-sulphidation Yanacocha Au mine, plus several smaller Au epithermal and porphyry Cu-Au deposits.”
Several gold targets and two porphyry copper-gold systems have been identified on the Project to date:
a) Gold targets include the 2.2 km long Los Socavones Zone, including the El Huabo and Las Huaquillas showings and the Porvenir-Guabo Alto high-sulphidation epithermal zone.
b) Porphyry Cu-Au: The Cementerio and San Antonio Cu-Au porphyry systems.
Click here to read the Inca One Metals Corp. (TSXV:IO) press release
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