Oro Silver Resources reports its subsidiary has executed a binding Letter of Intent establishing the terms of an option to purchase six concessions from Exploraciones Del Altiplano S.A de C.V.

The acquisition terms require Oro Mexico to pay US$10,000 and 75,000 common shares of Oro Silver within 10 business days after the signing of the LOI, followed by cash payments totaling US$1,475,000 over a 4 year period and to make work expenditures on the concessions totaling US$1,000,000 and to conduct 1,000m of drilling over the 4 year period.

For full details of this press release, click this link. To view Oro Silver’s company profile, click here. To view its previous news releases, click here. Follow developments in silver mining and exploration for free.
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