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Goldminex Resources, prime exploration acreage backed by mining giant

Breakaway Research - 30-Apr-2013

Goldminex Resources has a large and highly prospective portfolio of copper-gold exploration projects located in PNG. A JV agreement signed with Vale.S.A. will provide a total of US$20M of exploration expenditure to earn 51% in six selected tenements. US$12M has been spent to date with another US$8M due over the next 24 months. Exploration completed to date continues to highlight the potential for numerous targets to host large scale mineral deposits.