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Prime Meridian Resources Corp. Secures Option to Purchase the Historic La Verde Grande Cu-Zn-Ag-Au Mine in Sonora State, Mexico
Acquisition of historic copper and silver mine plus six more Cu-Zn-Ag-Au skarn zones. His...
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[{"type":"text","content":"Prime Meridian Resources Corp. Secures Option to Purchase the Historic La Verde Grande Cu-Zn-Ag-Au Mine in Sonora State, MexicoAcquisition of historic copper and silver mine plus six more Cu-Zn-Ag-Au skarn zones.Historic reserve estimate is from only 110 metres of strike length at La Verde Grande Mine.Identified >2 kilometre strike length of Cu-Zn-Ag-Au skarn-style mineralization.Includes opportunity for discovery of proximal Cu porphyry mineralization.Vancouver, British Columbia--(Newsfile Corp. - December 9, 2021) - Prime Meridian Resources Corp. (TSXV: PMR) (\"PMR'' or the \"Company\") is pleased to announce that the Company has executed a letter of intent (LOI) providing it with the right to purchase up to a 100% interest in the La Verde Grande Cu-Zn-Ag-Au Mine and surrounding concessions (the \"La Verde Project\" or the \"Project\"). The La Verde Project is located in central Sonora State, Mexico, approximately 50 km northwest of the city of Hermosillo. The La Verde Project comprises nine mineral concessions covering 2,493 hectares. The Company's plan is to fast-track the exploration and development of the seven currently known Cu-Zn-Ag-Au skarn zones, while evaluating in parallel, the significant opportunity for the discovery of copper porphyry mineralization proximal to those skarn zones.Brian Leeners, chief executive officer of PMR, commented: \"We have been financing and developing copper projects in Canada, the USA and Mexico for over 20 years and the opportunity at La Verde is the best I have seen over that time period, as it provides a potentially significant value proposition from the combination of a near-term production opportunity from the skarns and the exciting prospect of a new copper porphyry discovery in one of the world's most productive copper belts. We also know that timing is important in the copper sector and there has never been a better time based on the historic transitions going on in the global copper market.\"Access to the La Verde Project is via paved highway and improved gravel road that ends directly at the main historical workings near the center of the property. Local infrastructure includes proximity to a major city, an adjacent paved highway, close proximity to electrical power lines, an abandoned plant site on the property. The Project is located in a major mining district wit...