Content area

Abstract

(CCNMatthews - June 10, 2005) - Metallica Resources Inc. (TSX:MR)(AMEX:MRB) is pleased to report that its wholly owned Mexican subsidiary, Minera San Xavier, S.A. de C.V. (MSX), has received notice that a temporary occupancy agreement (TOA) has been signed by the Federal Mining Bureau and legally registered. Mexican law recognizes mining as a preferred use of the land and as a result provides a mechanism to acquire control of land for the purposes of developing and operating mines. In this case it is land for community use or ejido land. Despite an earlier ordered nullification of the long standing agreement that MSX had with the ejido of Cerro San Pedro for use of the land to access its mineral rights, the courts have never denied MSX legal access to the ground.

Details

Title
Metallica Resources Resolves Land Use Issue At Cerro San Pedro Project
Pages
1
Publication year
2005
Publication date
Jun 10, 2005
Publisher
Intrado Digital Media Canada Inc.
Source type
Trade Journal
Language of publication
English
ProQuest document ID
448065634
Copyright
Copyright CCNMatthews Jun 10, 2005