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Cerro Resources NL (ASX:CJO,TSXV:CJO) announced its acquisition of the Mexico-based Espiritu Santo gold/silver project.
Cerro Resources NL (ASX:CJO,TSXV:CJO) announced its acquisition of the Mexico-based Espiritu Santo gold/silver project.
As quoted in the press release:
Highlights
- Exciting new gold/silver exploration project in a proven precious metal district;
- Acquisition of 100%, 5,800 ha project interest via 4-year, $US4million total option payment schedule aligning expenditure with project advancement/de-risking;
- Reconnaissance/initial target selection exploration to commence in October 2011;
- Continues to broaden and deepen the Company’s precious metals project portfolio in Mexico, in line with the Company’s core strategic focus on Mexico.
Click here to read the Cerro Resources NL (TSXV:CJO) press release.