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Angel Wing Metals to acquire 100% interest in La Reyna Claim Group

Published by , Editorial Assistant
Global Mining Review,

Angel Wing Metals Inc., (formerly Huntington Exploration Inc.) has announced that it has entered into a binding agreement with a private entity to acquire a 100% interest in the 102.87 km2 La Reyna property and package held in six titled claims adjoining the El Grande project to the southeast.

The claims cover the Aguila de Oro mineral district, with its long history of small-scale production for gold, silver, and copper, not ever systematically explored with drilling. The new larger La Reyna claim surrounds several claims already owned by the company, providing important exploration continuity in an under-explored precious and base metals mineral district within Mexico's prolific Sierra Madre Occidental mineral province (SMO).

Pursuant to a purchase and assignment agreement, Angel Wing Metals, through its subsidiary Lago de Oro S.A. de C.V., will make a total payment of US$700 000 upon completion of three performance milestones.

Bryan Wilson , President and CEO of Angel Wing Metals Inc., said:

"The Angel Wing Metals team is excited to have acquired the 102 km2 La Reyna claim group as part of the district scale consolidation of the historic Aguilas de Oro mining district containing multiple alteration zones in a highly prospective under-explored part of the SMO, with it's well-known mineral potential and mining history. We have already Identified prospective geology with multiple drill-ready targets. The newly acquired La Reyna claims increase the El Grande Project to over 650 km2, covering an area slightly greater than that of Metro Toronto."

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