Rae Wallace Mining Company Acquires Rights to Eight Peru Gold Properties

Rae Wallace Mining Company (PINKSHEETS: RAEW) of Reno, NV, announced it has completed an option agreement with Geologix Explorations Inc. (TSX: GIX) of Vancouver, BC, granting Rae Wallace the right to earn a 100% interest in eight Peruvian gold-silver properties.

The press release is quoted as saying:

Rae Wallace and Geologix signed a Letter of Intent on March 8, 2010 and signed the definitive agreement on July 8, 2010.

Click here to access the entire press release

Click here to access Rae Wallace Mining Corporate Site