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[Ferro-Alloys.com]Black Fire Minerals has reached an agreement with Pacific Gold Corporation to accelerate the transfer of the title to the Pilot Mountain Tungsten Copper project in Nevada by paying an initial USD 350,000.

This will give Black Fire full title to the mineral claims covering the project, which has a JORC Resource of 6.79 million tonnes at 0.31% WO3, 22.8 grams per tonne silver and 0.17% copper.

The company has also agreed to pay PGC a further USD 850,000 by 31 March 2014 to retain title to the claims. Under the original agreement, Black Fire could only achieve title once it had paid all outstanding options totalling USD 1.5 million by September 2015.

Black Fire is keen about the future prospects at Pilot Mountain as tungsten prices have risen about 25% to about USD 410 per tonne in the calendar year to date.