The Atecata, Coline, and Condoroma South properties are located in the Departments of Puno and Cusco, respectively.
According to the company, each of these properties comprises an area of 900 hectares.
The Condoroma concessions are centered on a string of active thermal springs 3km in length with the measured surface temperature of 58 degrees Celsius and significant observed water discharge.
The Atecata and Coline properties are located in a mineral-metals district which has great potential for commercial mining development, the company said.
Mustang owns a 100% interest in 4,535 hectares of federal geothermal leases in four project areas in the US state of Nevada and holds 6,300 hectares of geothermal exploration concessions in seven areas in Peru.
