Metallum Limited (ASX: MNE) – $0.019
27 Aug 2014
Metallum has signed an option agreement to acquire 100% of the San Sebastian copper-gold concession covering 50 hectares over a major mineralised structure adjoining the El Roble Project area in Chile. Total consideration for the acquisition is US$250,000 that the company will pay in three instalments over twelve months.
High-grade sampling results at San Sebastian include 2.20 metres at 5.79% Cu and 1.24g/t Au, 1.60 metres at 5.44% Cu and 0.41g/t Au and 2.00 metres at 3.75% Cu and 0.28g/t Au.
For further information, visit www.metallum.com.au
Resources Stocks To Watch is first in research on ASX micro to mid cap resources stocks. Find out what’s hot and what’s not in mining and commodities.