21st Oct 2020 18:04
Atalaya Mining PLC - Cyprus-based copper producer - Agrees to acquire Masa Valverde polymetallic project in Spain for EUR1.4 million in cash. Total inferred resources of project is 66 million tonnes at 0.67% copper, 1.92% zinc, 0.90% lead, 34 grams per tonne of gold and 0.63 grams per tonne of silver.
"We are extremely pleased to announce the acquisition of Proyecto Masa Valverde at an attractive cost and at the right development stage. Masa Valverde already has a significant defined resource which could increase during subsequent evaluation phases, paving the way for quick project development," said Chief Executive Officer Alberto Lavandeira.
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By Dayo Laniyan; [email protected]
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