Precore Gold Granted Option to Acquire Arikepay Porphyry Gold-Copper Property in Peru [Canadian Business Journal (Canada)]
Freeport-McMoRan, Inc. (FCX)
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Source: Canadian Business Journal
VANCOUVER, British Columbia, April 3, 05 (GLOBE NEWSWIRE) — Precore Gold Corp. (CSE: PRCG) (the “Company” or “Precore Gold”) is pleased to announce that it has entered into a Definitive Option Agreement (the “Option Agreement”) with Alta Copper Corp. (the “Vendor”) to acquire up to a 00% interest in the Arikepay gold-copper property (the “Arikepay Property”) located in the province of Arequipa, Peru (the “Transaction”). The Arikepay Property is located about 0 km south of the city of Arequipa in southern Peru and about 45 km south of the important Cerro Verde Cu-Mo porphyry deposit, one of Peru’s largest mines with over 3 billion tonnes of ore, owned by Freeport-McMoran, SMM Cerro Verde Netherlands and Buenaventura.Figure . Map of Arikepay location among major deposits in Southern PeruThe Arikepay Property is located 40 km from the Pacific Ocean in the coastal region of the Arequipa department in southern Peru. It covers an area of ,800 ha at an average elevation of ,00 m above sea le
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