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Mantaro Precious Metals Corp. Acquires 51% Interest in Golden Hill Property
Mantaro Precious Metals Corp. Acquires 51% Interest in Golden Hill Property Can...
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[{"type":"text","content":"\n \n \n \n Mantaro Precious Metals Corp. Acquires 51% Interest in Golden Hill Property\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 25, 2022\n \n \n /CNW/ -\n \n MANTARO PRECIOUS METALS CORP.\n \n (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) (the \"Company\") is pleased to announce that it has exercised its option to acquire a 51% in the share capital of\n \n Minera Golden Hill S.R.L\n \n . (\"MGH\"), which owns the Golden Hill Property, located in\n \n Bolivia\n \n .\n \n \n In order to exercise its option to acquire an initial 51% of the shares of MGH, the Company issued a total of 2,000,000 common shares and 1,000,000 share purchase warrants, made cash payments of US\n \n $500,000\n \n and incurred a minimum of US\n \n $250,000\n \n of exploration expenditures at the Golden Hill Property during the last year.  The Company continues to have the option to earn up to an 80% interest in MGH, which option terms as set out in detail in the news release dated\n \n August 25, 2021\n \n .\n \n \n \n \n Craig Hairfield\n \n , Chief Executive Officer of the Company states, \"Mantaro is excited to continue its partnership with\n \n Minera Golden Hill\n \n after a year of extensive work and exciting results at the Golden Hill Property.\n \n Minera Golden Hill\n \n has proven to be a valuable local partner that is instrumental to the continued success of our work programs in\n \n Bolivia\n \n . This option exercise represents an important step for Mantaro towards its goal of advancing high-quality, district-scale mineral properties. We are excited to invest and operate in\n \n Bolivia\n \n as the country continues to demonstrate its vast mineral potential and commitment to further developing its mineral mining industry.\"\n \n \n \n \n \n Luis Fernando Kinn\n \n , General Manager of Minera Golden Hill states, \"\n \n Minera Golden Hill\n \n is pleased to be working with Mantaro Precious Metals to advance and realize the full potential of the Golden Hill Project. We have proven that any foreign c...