All Grade Mining Signs Letter of Intent to Acquire Copper Mining Project in Chile

All Grade Mining announced that the Company has signed a Letter ofcomo hacer un triturador casero Intent to acquire a copper mining project, Jose Del Transito, in Chile.

The Jose Del Transito Project is located approximately 3 kilometres north east of Ovalle. The mountain ranges surrounding the city are known for its minerals, gold, silver, copper and iron ore. The project currently has three substantial sets of artisanal workings and several small shafts in the project area, which indicates that the property is ideal for both open pit and stope mining. The mine is currently producing 1,100 tons per month and the Company has estimated a production lifespan of 15 years.

Gary Kouletas, CEO of All Grade Mining commented, "The opportunity on the Jose Del Transito Project enables the Company to acquire the project at a low cost with an immediate revenue stream which we expect to increase the monthly production over the next several months. We hope to complete the acquisition of the project and take control of the mining operation in the coming weeks."