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Antares Exercises Option to Acquire 100% Interest in Haquira
Mar. 11, 2010 05:11PM PST
Industrial MetalsAntares Minerals Inc. (TSX VENTURE:ANM) reported that the company has exercised its option to acquire a 100% interest in the Haquira Cu-Mo-Au project in southern Peru by completing payments totaling US$15 million to Minera Phelps Dodge del Peru S.A.C. prior to the March 4, 2010 expiry of the five year option period.
Antares Minerals Inc. (TSX VENTURE:ANM) reported that the company has exercised its option to acquire a 100% interest in the Haquira Cu-Mo-Au project in southern Peru by completing payments totaling US$15 million to Minera Phelps Dodge del Peru S.A.C. prior to the March 4, 2010 expiry of the five year option period.
The press release is quoted as saying:
Antares is a successful mineral exploration company with highly experienced technical and management teams. The Company is focused on precious- and base-metal exploration properties in Latin America that can be quickly and cost-effectively advanced to the discovery and production stage.
Click here to access the entire press release