Cortus Metals, Inc. (TSE:MLO) has released an update.
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Metalero Mining Corp. has entered into an option agreement allowing Vulcan Resources Corp. to purchase its Grayson and Powerline properties in Nevada, with payment terms spanning over five years and conditional upon Vulcan completing certain milestones, including drilling and technical reporting. The agreement also includes provisions for payment in Vulcan Shares and an existing net smelter returns royalty. These properties show promise with geological settings similar to other productive mines in the region.
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