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Prospector Agrees to Acquire Gold Prospects in Peru from Milpo
Apr. 11, 2017 08:23AM PST
Precious MetalsProspector Resources (“Prospector”) (TSXV:PRR) is pleased to announce that through its whole owned subsidiary Rio2 Exploraciones S.A.C. (“Rio2”) it has entered into a mining assignment and option agreement (the “Agreement”) with Compañia Minera Milpo S.A.A. (“Milpo”) pursuant to which it has the right and option to acquire all rights and interests in 7 gold exploration …
Prospector Resources (“Prospector”) (TSXV:PRR) is pleased to announce that through its whole owned subsidiary Rio2 Exploraciones S.A.C. (“Rio2”) it has entered into a mining assignment and option agreement (the “Agreement”) with Compañia Minera Milpo S.A.A. (“Milpo”) pursuant to which it has the right and option to acquire all rights and interests in 7 gold exploration prospects totalling approximately 19,000 hectares in Peru (the “Portfolio”).
As quoted in the press release:
“We are pleased that Milpo, a well-established Peruvian poly-metallic miner, has entrusted Rio2 to explore ways to unlock value in this gold exploration portfolio. This transaction will form the foundation for Rio2 to continue looking for opportunities to partner with Latin American and International mining groups to further surface value from operating mines and exploration assets”, commented Jose Luis Martinez, Executive Vice President, Corporate Development and Strategy.
