Kaleeda Enterprises (ASE) has entered a 50-50 joint venture with mining consultants R.F. Fry & Associates (Pacific) to develop and operate three properties in northern Chile.
Two of the projects are copper-gold plays and the third is a gold tailings operation.
The properties are near the port city of Chanaral and are owned by a private individual. They will be leased to the joint venture, subject to a modest royalty.
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