Metminco Limited (ASX:MNC) announced that its subsidiary intends to acquire the La Piedra project in Chile.

The press release is quoted as saying:

Metminco plans to complete a  surface mapping and  sampling program by the end of Q4 2011, as well as a surface geophysical survey (ground magnetics and Induced Polarisation),prior to  initiating  a drilling program to  evaluate  the  identified  copper  and molybdenum anomalies.

To read the full press release, click here.