Antares Minerals Inc. (TSX VENTURE:ANM) reported that the company has exercised its option to acquire a 100% interest in the Haquira Cu-Mo-Au project in southern Peru by completing payments totaling US$15 million to Minera Phelps Dodge del Peru S.A.C. prior to the March 4, 2010 expiry of the five year option period.

The press release is quoted as saying:

Antares is a successful mineral exploration company with highly experienced technical and management teams. The Company is focused on precious- and base-metal exploration properties in Latin America that can be quickly and cost-effectively advanced to the discovery and production stage.

Click here to access the entire press release ^[1]

Click here to access Antares Minerals Corporate Site ^[2]