Tuesday, June 10

Canada.com Lumina signs option to buy northern Peru copper property for $2 million plus: "El Galeno 'will boost our inferred resources to 9.32 billion pounds of copper and 2.8 million ounces of gold, while measured and indicated resources will remain at 4.4 billion pounds of copper and 7.3 million ounces of gold.' Lumina, which describes itself as 'a perpetual call on copper,' said the option allows it to buy the property from a private Peruvian company with ascending cash and cash-and-share instalments totalling $2 million US. The payments start with $10,000 on signing and end with a $1.2-million payment after four years."

<< Home

This page is powered by Blogger. Isn't yours?