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Minnova to acquire La Esperanza gold property in Peru

Minnova Corp. said Oct. 15 that it secured an option to acquire the La Esperanza gold property in Peru from Inkarri Comercializadora Perú SAC, a regional toll mill operator.

La Esperanza comprises two concessions across 7 square kilometers in the historic Pullo gold mining district. It hosts two distinct, epithermal-style gold-silver-copper mineralized structures.

The company is required to pay US$650,000 and issue 500,000 shares in stages over two years from signing.

Minnova CEO Gorden Glenn said the company's work program will include mapping, drilling and trenching to develop a gold resource on the property.

The company will continue to work with Inkarri as a strategic partner in the Pullo district and elsewhere in Peru to acquire and consolidate other prospective exploration assets or small-scale operations.