Huaron option for Anglo American Mining Corp.(Brief Article)(Statistical Data Included)
Mining Journal, July, 2001
Pan American Silver Corp. has optioned part of its Huaron silver-zinc property in Peru to Anglo American Mining Corp. Pan American acquired the 80,000 ha Huaron property in the Cerro de Pasco mining district in March last year, and commenced production in April this year.
The agreement with Anglo American covers 30,000 ha of the northern portion of the property which is underexplored. Anglo American can earn a 51% interest by making annual cash payments to Pan American and spending US$3.0 million over four years.
Separately, an option-to-purchase agreement has been reached in respect of the Ocotlan project in central Mexico. Pan American can acquire a 100% interest by paying US$3.0 million over 51 months. The project area is located at the southern...
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