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Duran Ventures Inc. (TSXV:DRV)(LMA:DRV) (“Duran” or the “Company”) is pleased to announce the acquisition of three gold-silver mineral concessions in Northern Peru through direct application with the Peruvian Ministry of Mines or by direct purchase. All concessions are 100% owned with no underlying royalties, are road accessible, were subject to varying forms of small scale …
Duran Ventures Inc. (TSXV:DRV)(LMA:DRV) (“Duran” or the “Company”) is pleased to announce the acquisition of three gold-silver mineral concessions in Northern Peru through direct application with the Peruvian Ministry of Mines or by direct purchase. All concessions are 100% owned with no underlying royalties, are road accessible, were subject to varying forms of small scale artisanal mine workings, and were acquired as potential mineral sources for Duran’s 80% owned Aguila Norte Mineral Processing Plant (“Aguila Norte” or the “Plant”). The three properties acquired are summarized below.
As quoted in the press release:
Jeffrey Reeder, CEO and President of Duran states “The Mineral Processing business is very competitive and secure mineral feed is the key to success. Our eventual corporate goal is to feed our Aguila Norte Plant with mineral from 100% owned Duran properties. These acquisitions are within acceptable transportation distances to the Aguila Norte Plant. We will continue to seek partners for our properties and focus on creating joint ventures and royalty streams. The acquisitions of these properties follow our business model as a Cash and Prospect Generator.”
