Full Metal Options Pyramid Copper-Gold-Molybdenum Porphyry to Antofagasta
Full Metal Minerals Ltd. (CVE:FMM) announced that it has entered into an Option agreement with Antofagasta Minerals S.A. to explore the Pyramid Copper-Gold-Molybdenum porphyry project, located in southwest Alaska. An initial 2,000 meter core drilling program is underway.
Full Metal Minerals Ltd. (TSXV:FMM) announced that it has entered into an Option agreement with Antofagasta Minerals S.A. to explore the Pyramid Copper-Gold-Molybdenum porphyry project, located in southwest Alaska. An initial 2,000 meter core drilling program is underway.
The press release is quoted as saying:
Antofagasta Minerals can earn an initial 51% Interest (“First Option”) by incurring US$6,000,000 in Expenditures during the first four years (US$1,500,000 first year) and pay Full Metal US$200,000 in cash (US$50,000 at the end of the first year).