Southern Legacy Further Consolidates AntaKori Project Mining Concessions; Stock Up 10%

By MT Newswires,  January 07, 2013, 11:33:53 AM EDT

Southern Legacy Minerals (LCY.V) has recently executed option agreements to acquire a controlling interest in SMRL El Sinchao, a local Peruvian mining company, which owns 100% of three of the mineral concessions that comprise the AntaKori Property. Under the terms of the Option, no royalty or back-in rights are contemplated.

Earlier drill holes collared on these claims include drill hole DDH9 which cut 32 metres with 2.6 % Cu and 0.46 g/t Au.

LCY has jumped 10% to $0.275, with 52-week range of $0.08 to $0.84. About 10,000 LCY shares have changed hands.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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