12:54 PM EST - Anaconda Mining Inc. : on Thursday said it purchased the right to earn a 100% interest in the San Gabriel iron ore prospect, near the coastal city of Chanaral. The company noted that it would have to pay US$2.4million over four years to earn a 100% interest in the San Gabriel prospect. Anaconda Mining revealed that it paid US$20,000 on signing the agreement. Anaconda Mining, Inc.
shares T.ANX are trading off 1 cent at $0.49.
