Westminster Resources (TSX.V: WMR), a copper mining company focused on Latin America, announced on Tuesday that it has signed a letter of intent to acquire a land portfolio in Saskatchewan, central Canada.
Westminster Resources said in the announcement that the proposed portfolio is located 60 kilometers northeast of La Ronge town and contains two adjacent plots covering an area of 10,858 hectares. Historically, the project focused on nickel-platinum metals and orogenic belts. Gold and volcanic genesis massive sulphide deposits. The project includes a variety of minerals such as copper, nickel, gold, lead, zinc and uranium.
Under the acquisition agreement, Westminster Resources has committed to invest a total of $400,000 in exploration expenditure over a three-year period and to split 4 million shares in two wholesale lines to earn 80% of the project.
Glen Indra, President and CEO of Westminster Resources, said that now is a good time to acquire copper projects. The La Ronge area has long had a broad prospect in a variety of metals, and the region is now exploring the potential of copper resources and has A large amount of data can be re-aggregated and re-interpreted to advance projects quickly and cost-effectively.
Vancouver-based Westminster’s main assets are the Ilo Este and Ilo Norte deposits in the Peruvian copper belt and the El Cobre project in Sonora, Mexico.