TSX-V-listed Plata Latina says silver major Fresnillo has exercised its option to purchase its the Naranjillo property, in Mexico.
The option stems from a 2017 agreement that provided Fresnillo subsidiary Metalúrgica Reyna with a three-year term in which to conduct exploration and exercise the option.
The Naranjillo project is a grassroots epithermal silver/gold discovery made by the company in 2012 and is located in the Mexican Silver Belt, about 35 km southeast of the Guanajuato mining district.