Balcatta-based gold and copper explorer Carnavale Resources Ltd will acquire the mineral rights to a Brazilian iron ore tenement owned by Brasgeo - Geologia e Mineracao Ltda for around $1.2 million over five years, the company announced today.

Balcatta-based gold and copper explorer Carnavale Resources Ltd will acquire the mineral rights to a Brazilian iron ore tenement owned by Brasgeo - Geologia e Mineracao Ltda for around $1.2 million over five years, the company announced today.