Silver miner Pan American Silver (PAS) has agreed to earn a 75% interest in Mexico-focused silver project developer, Kootenay Silver’s Promontorio Mineral Belt silver properties, including the Promontorio and La Negra deposits, and to make a C$2-million subscription investment in Kootenay.
Under terms of the earn-in agreement, PAS would be required to make scheduled payments totalling $8.05-million over a four-year earn-in period and undertake up to $8-million in exploration and development expenditures during this period.
