Chilean Metals, Inc. (CMETF) Announces Land Acquisition near Candelaria Mine, Chile
Chilean Metals, a Toronto-based minerals exploration company, has announced the completion of its acquisition of 724 hectares (1,789 acres) from Compañia Mining Casale, a company jointly owned by Chilean subsidiaries of Barrick Gold Corporation and Kinross Gold Corporation, respectively. The acquisition, which includes nine mining concessions in the Zulema region of Northern Chile, was completed for the sum of $50,000. In addition, Chilean Metals, on February 2, 2015, also announced the signing of a binding letter of intent pertaining to additional mining concessions in the same area, which total 600 hectares (1,483 acres). Under the terms of this agreement, the…