Crosshair Energy Corporation (TSX:CXX,NYSE:CXZ) announced a letter of intent with Wealth Minerals Ltd. (TSXV:WML) to acquire all of Wealth Minerals’ prospective uranium properties in Argentina.
As quoted in the press release:
The concession areas included in the LOI are located in Salta, Catamarca and Chubut provinces, and will be 100 percent owned by Crosshair on the closing of the transaction. Properties included in the LOI include the San Jorge Basin Properties, Amblayo and Diamante Los Patos. The San Jorge Basin concession area includes five individual properties (including Bororo Nuevo) on which some preliminary exploration work has been completed.