Southern Pacific Copper (VSE) has acquired the Toliman porphyry copper prospect in Mexico’s Chiapas state.
It acquired the 3,600-hectare concession by staking after it was released from the federal reserve. A finder’s fee of 150,000 shares is payable. The mineralization occurs in stockworks and consists of pyrite, chalcopyrite and molybdenite in fractures and veinlets; it also occurs as disseminations in both quartz monzonite dykes and wallrocks.
Sampling is planned for September.
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