357 Bay Street, SUITE 902
TORONTO
Ontario
Canada,
M5H 2T7
Phone: +1 416 364 9988
Fax: +1 416 364 6624
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Company SummaryVirgin Metals is a junior exploration and development company; its projects include two copper-molybdenum porphyry properties in Sonora, northern Mexico. Company NewsWednesday, July 22, 2009 Corex Gold and Virgin Metals announced they have signed an option agreement under which Corex’s Mexican subsidiary is granted an option to acquire from Virgin’s Mexican subsidiary a 100% interest in 3 concessions (the “Hilda Concessions”) covering 722 ha. that are contiguous to the northern boundary of Corex’s Santana property. To acquire the Hilda Concessions Corex must pay Virgin a total of $340,000, issue Virgin 500,000 common shares and incur $450,000 in exploration expenditures on the Hilda Concessions over a three year period. Map Legend: Producer Past Producer  Development  Exploration |
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