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Article: Canada : Polar Star 3.1 Meters of 13.55 g/t Au, 9.8 g/t Ag and 0.58% Cu at Chepica Mine.
- Article from:
- TendersInfo
- Article date:
- July 9, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: pinto03
Polar Star Mining Corporation announces the successful completion of its initial due diligence program at the Chepica Copper-Gold Mine, Mill and 1,440 hectares of associated mining properties (the "Chepica Mine"). Effective June 20, 2008, Polar Star acquired an initial 5% equity interest in the Chepica Mine by paying US$307,000. Polar Star's Chepica Acquisition Agreement gives Polar the right to acquire an additional 80% by making cash payments totaling approximately US$4.7million by June 20, 2009, pending successful completion of its final due diligence review.
Highlights
- Widths of 2.8 - 7.3 meters of 0.69-13.55 g/t of gold, ...