Chile’s top lithium regulator is preparing to slash the red tape that investors have long said stymies output and new projects in the world’s No. 2 producer.

Acquisition expands the miner's footprint and landholdings in Quebec by about 550%.

The single-asset developer has released assay results for five drill holes that extend this area of mineralization to the northeast.

The PEA outlines a 3,100 t/d underground mine with a process facility that would produce 238,000 gold oz a year over an 18-year life.

Pampacancha is a high-grade satellite deposit located 4 km from the mill at Hudbay's Constancia mine in Peru.

The latest drill results from past-producing Bralorne gold project in south-central B.C. hit new mineralization below historic workings and southeast of prior intercepts.

Earlier in April, Prime announced assays for 13 core holes completed at three deposits within the eight-deposit Los Reyes project.