OZ Minerals
(ASX:OZL) has entered into a new exploration earn-in agreement with Canadian exploration company, Acapulco Gold Corp.
Both companies will partner to explore three newly-identified high-base metal prospects in Southern Mexico.
OZ Minerals says the targeted sites have potential for shallow, high-value per tonne, ‘volcanic-hosted massive sulphide’ (VHMS) deposits.
The company says it will make a first year, in-ground expenditure of US$450,000 on detailed geological mapping, geochemistry and geophysics.
It also says exploration will start immediately with drilling to start in the second half of this year.
This morning, OZ Minerals shares fell 2.26% to $7.34.
