A gold prospect in Chile’s Maricunga district has caught the eye of Prime Equities International (PQE-V), a junior company founded by Murray Pezim and now headed by his son, Michael.
The company holds an option to acquire the San Francisco-San Pedro property, situated 70 km from the Aldebaran property which hosts both gold and copper-gold deposits.
Prime Equities reports that only minimal prospecting was carried out over its 3,600-ha land package, which outlined a series of large, oxidized epithermal alteration zones.
The company plans to carry out a program of mapping, sampling and trenching.
To earn its interest in the property, Prime must pay US$400,000 over three years, followed by a final payment of US$3.6 million at the end of the fourth year.
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