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Article: Polar Star to Acquire Chepica Copper-Gold Mine in Chile

Article from:
CCNMatthews Newswire
Article date:
April 24, 2008
Copyright

TORONTO, ONTARIO--(Marketwire - April 24, 2008) - Polar Star Mining Corporation (TSX VENTURE:POS)(PINK SHEETS:POSRF) ("Polar Star" or the "Company") announces the signing of an agreement whereby Polar Star will acquire an 85% ownership interest in the Chepica Copper-Gold Mine, Mill and 1,440 hectares of associated mining properties for cash payments totalling approximately US$5.1 million, pending successful due diligence. Polar Star has the option to make such payments over a 12 month period. This acquisition adjoins Polar Star's wholly owned Corinto and Batuco claims. These claims plus the Chepica Mine property total 16,640 hectares in the Pencahue District, Region VII, Chile on which ...

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