Consistent with its efforts to develop bulk-tonnage gold projects in Bolivia, Da Capo Resources (VSE) has acquired a 49% interest in the San Gerardo property.
Teck (TSE) is funding drilling under an agreement giving it the right acquire a 51% interest by completing a bankable feasibility study.
The property is in the Bolivian Altiplano region, and work to date indicates the presence of several gold zones over an area measuring 1,000 by 200 metres.
The vendor of the 49% property interest retains a 2% net smelter return royalty.
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