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Gold/Mining/Energy : Mining News of Note
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To: LoneClone who wrote (5990)9/4/2007 10:17:26 AM
From: LoneClone  Read Replies (1) of 194504
 
Tamaya doubles copper resource with Chilean acquisition

Tamaya Resources has more than doubled its copper resources following the approval by Latitude Resources' shareholders in London of the sale to Tamaya of Latitude's portfolio of advanced exploration tenements in Chile. The acquisition of Latitude's Chilean subsidiary, Latin American Copper Chile SA, includes a portfolio of tenements with a focus on the Coastal Ranges iron oxide copper gold belt in Chile.

Tamaya expects the key project in the portfolio, Filipina Grande, to develop into its second major mining operation in Chile.

Tamaya has acquired this high quality portfolio for the consideration of 85 million TMR shares and 15 million TMR options to be issued in three tranches of 5 million options each, at 30c, 40c, and 50c respectively.

Tamaya shares were steady at 26c. – RWE
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