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Portage Resources Inks LOI for Wukakuy Properties

By Joel ScanlonJun 21 2011

Portage Resources has signed a letter of intent (LOI) with Albroock Gold Peru and Airon Peru to buy the Wukakuy properties.

Portage has fixed a date on or before 31st August, 2011 to acquire the Wukakuy properties completely. The allotted time frame for Portage will allow the company to take the essential time to carry out due diligence and research on this target, which is to be acquired.

The location of the Wukakuy properties is in the renowned mining zone of Peru. Also, these properties are near to other key mining companies, including Glencorp. Glencorp is a main mining firm in Australia and has acquired the Mina Cecilia mine.

The CEO and President of the company, has stated that Portage is presently studying the NI 43-101 report of the property, other geological studies and the astonishing prospective of this acquisition. The potential reserves may contain silver in multi-million ounces.

Source:

http://www.portageresourcesinc.com/

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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APA
Scanlon, Joel. (2019, March 19). Portage Resources Inks LOI for Wukakuy Properties. AZoMining. Retrieved on November 26, 2024 from https://www.azomining.com/News.aspx?newsID=4311.
MLA
Scanlon, Joel. "Portage Resources Inks LOI for Wukakuy Properties". AZoMining. 26 November 2024. <https://www.azomining.com/News.aspx?newsID=4311>.
Chicago
Scanlon, Joel. "Portage Resources Inks LOI for Wukakuy Properties". AZoMining. https://www.azomining.com/News.aspx?newsID=4311. (accessed November 26, 2024).
Harvard
Scanlon, Joel. 2019. Portage Resources Inks LOI for Wukakuy Properties. AZoMining, viewed 26 November 2024, https://www.azomining.com/News.aspx?newsID=4311.