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Eurasian Minerals Inks Deal

Canada's Eurasian Minerals has joined a project to develop the Malmyzh copper-gold deposit in the Khabarovsk region, the company said in a statement, Interfax reported.

The company bought 36 percent of InterGeo Resources, which, together with Freeport-McMoRan Copper & Gold, holds the license to explore and mine the field. The stake cost $3.04 million.

"EMX believes Malmyzh is an exciting grassroots discovery that is rapidly developing into a belt-scale exploration play," the company said.

Malmyzh is located approximately 220 kilometers northeast of the city of Khabarovsk and the nearby border with China.

Eurasian Minerals operates in 11 countries, including Kyrgyzstan, where it has an exploration project.

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