Grenville Gold, a Canada based company, announced the acquisition of up to 90% of Peruvian exploration company Inversiones Mineras Alexander S.A.C. (“Alexander”). This firm is the primary option holder of the Chorobol gold/copper/molybdenum property in central Peru that is adjacent to a 600-metre section of land that has an estimate of approximately 400,000 ounces of gold reserves. The company is seeking to acquire that ground as well.
The Chorobol properties are located in the Department of La Libertad, 65 km (40 mi.) southeast of Trujillo, Peru and 35 km (21 mi.) from the coast. Alexander controls 17,900 hectares of mining claims in that region.