A letter of intent to earn a 50% interest in the Washington copper property in Sonora, Mexico, was negotiated earlier this year by Corner Bay Minerals (TSE).
The company agreed to provide the financing to bring the property into production, upon completion of a favorable feasibility study. Custom milling is planned at a nearby facility. A preliminary reserve of 1.28 million tonnes grading 1.7% copper is estimated for the property.
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