Iron Creek Capital Corp. (TSX-V: IRN) has signed an amending agreement with Hochschild Mining Holdings Ltd. Pursuant to the agreement, the Victoria Joint Venture has been expanded to include the entire ground comprising Iron Creek's Vaquillas Project. As a result the porphyry copper properties are now subject to the terms of the Victoria JV.
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Hochschild has advised the it has incurred about $1.5 million on exploration of the precious metals are of the Vaquillas Project and under the terms of the agreement, Hochschild has committed to expend a further $500,000 on exploration of the entire Vaquillas Project by December 31, 2010. For Hochschild to exercise its option to acquire a 60% stake in Vaquillas, they must incur a total of $6 million in exploration expenditures by December 31, 2013.
About Iron Creek
Iron Creek Capital Corp. is a Vancouver-based mineral exploration company engaged in the acquisition and exploration of precious and base metals projects in Chile.
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