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.

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