The company exercised an option to acquire the full interest and has also received 6 month extension to the option on the neighbouring Varas property.

The company’s now owns more than 500ha through the addition of eight additional contiguous mining exploitation licences.

The Nany Varas project is located approximately 40 kilometers south of the Inca de Oro mining district in northern Chile’s Atacama Region, reports steelguru.com.