Plexmar Resources Inc. (TSX-V: PLE) has entered an option agreement to acquire 100% of the mining rights for the Hans XX property in Northern Peru. The concession is about 400 hectares and located 21km northwest of Las Lomas in the Suyo district. Channel samples taken showed results which varied from 5.0 g/t Au. to 174.5 g/t Au. The current product from artisanal miners is about 120 tons per day with grades of 1.5 ounces/ton.
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Plexmar Resources Inc. (Plexmar) is an exploration-stage company engaged in the business of acquiring and exploring mining properties. The Company is focused on acquiring and developing gold properties in Peru and Ecuador through its subsidiaries. The Bolsa del Diablo project in Peru is the core asset of the Company. The project covers an area of nearly 225 square kilometers located near the border with Ecuador. Plexmar owns 100% of 24 concessions. The Cascajal package of properties, located in Northern Peru, in the La Libertad department comprises six properties covering 2,500 hectares.
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