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Torex Gold signs long-term land lease for Media Luna project

Torex Gold Resources Inc. said Oct. 10 that its Minera Media Luna SA de CV unit signed a 25-year lease agreement with the Puente Sur Balsas Ejido for the use of land required for the exploration, construction and mining of minerals at the company's Media Luna gold project in Mexico.

The lease satisfies a requirement to start the regulatory process to secure the permits for Media Luna's potential development and future mining operation. The agreement can be revoked at the company's discretion, at a year's notice.