The Chambara zinc project in northern Peru is centered in what we consider to be one of the best under-explored zinc terrains in the world. In 2008 we signed a joint venture arrangement with Votorantim Metais that established a huge area of interest that is approximately 200 kilometers long and 85 kilometers wide about the size of New Jersey. Any acquisition of properties within this area of interest by Votorantim is subject to this joint venture. Consequently, we will participate in all new projects that Votorantim generates in the future. As with our other agreements with major mining company partners, this agreement is a NPI royalty structured joint venture.
The Chambara Agreement with Votorantim Agreement
Solitario Exploration & Royalty Corp.
4251 Kipling Street, Suite 390; Wheat Ridge, CO 80033 | Tel: 303-534-1030; Fax: 303-534-1809