CP: Wesgold Minerals gets option to buy majority stake in Colombian mining property
Wesgold Minerals has struck an option agreement with a polymetallic property in Colombia. According to Canadian Press, Wesgold has acquired an option to buy up to 51 percent of a property that hosts iron-oxide-copper-gold deposits:
The Vancouver-based junior miner says it bought the option for an initial 11 per cent interest in the property, known as the Cordoba Property, from Minatura International LLC for a total cash cost of $4 million.
The property consists of a mining concession contract and several mining claims covering 25,790 hectares, about 200 kilometres north of Medellin.
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