Virgin Metals – Advanced Copper Projects in Mexico – Copper Investing News

Virgin Metals Inc. (CVE:VGM) is a Toronto, Ontario, Canada based exploration and development company engaged in advancing copper focussed projects in Sonora State, Mexico. Virgin Metals’ strategy is to systematically explore and develop the Company’s primary assets: The Los Verdes and the Curatro Hermanos deposits. The Company’s current focus is to update the Los Verde’s pre-feasibility study while increasing the measured and indicated mineral resource of all the of the Company’s reserves. Virgin Metal’s long term goal is to develop on of more profitable operating copper mines in Mexico.

Arian Silver Issue of Shares

The Company has issued 16,200,000 common shares of no par value in connection with the exercise of 15,500,000 share purchase warrants at 10 cents (Canadian) per share and 700,000 share purchase options at 5.5p per share. Application has been made for these shares to be admitted to London’s AIM on 24 January 2011.

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