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Sierra to increase stake in Arizona copper mine

March 16, 2012 - 01:26 GMT Location: New York

KEYWORDS: Sierra Reources Group , Medina Property , copper , chloride copper mine , J. Rod Martin

Sierra Resource Group Inc. has signed a letter of intent to buy half of Medina Property Group LLC’s minority interest in the Chloride Copper Mine deposit in Arizona.

"We believe that this is a unique opportunity for our company to increase its ownership in the Copper Chloride Mine at a fair price based on a discount to future cash...

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