Tuesday 25th October 2016

Resource Clips

Southern Andes CEO Nick Tintor on the creation of Caracara Mining

“Southern Andes’ main focus is in the Macusani camp and uranium exploration. When we took over control and management at the end of May, early June of this year, we saw that in the portfolio there were these assets that—three or four years ago didn’t have a lot interest—but that have a heck of a lot of interest today at $21 an ounce silver and the increased value of zinc and lead. So we created Caracara Mining that holds these assets—to spin them out to our shareholders—and since then we’ve added more ground and did a vendor deal to expand that footprint portfolio in silver and zinc.”

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