Catalyst Copper is a copper and base metal developer with a focus on copper mining projects in Mexico. Our current focus is the La Verde copper property, which is situated in the Sierra Madre del Sur approximately 320 kilometres west of Mexico City in Michoacán State. It consists of two claims, Capire and Unificación Santa Maria, comprising approximately 16,900 hectares.
The Company can earn a 60% interest in the La Verde Project by advancing US$6 million (paid) to Teck Resources Limited’s Mexican subsidiary, Minera Torre de Oro, S.A. de C.V., and incurring aggregate exploration expenditures of US$10 million on the La Verde Project on or before December 31, 2012. Required exploration work under the agreement includes 30,000 meters of core drilling and 200 line kilometers of geophysical surveys (see December 8, 2009 news release for complete option details [1]).
