Exeter Resource Corp (XRC.TO) said on Monday it has exercised its option to acquire control of the Caspiche gold-copper project in Chile from Anglo American (AAL.L). The Canadian exploration company said Anglo American will now transfer the title on the property to Exeter and retain a 3 percent net smelter royalty on production from the project. The Caspiche project is located in the Maricunga Belt of Chile, sandwiched between Barrick Gold's (ABX.TO) Cerro Casale copper-gold project to the south and Kinross Gold's (K.TO) Maricunga gold mine to the north. Exeter is currently conducting a pre-feasibility study on the project. Shares of Exeter were up 1.1 percent at C$5.37 on Monday on the Toronto Stock Exchange following the announcement.
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