Junior metals developer Orosur Mining confirmed today that fellow miner Gladiator Resources exercised its option to earn an interest in iron ore, manganese and base metals prospects in the Isla Cristalina region in Uruguay. The option was signed in January and Gladiator will issue about US$ 86,000 worth of shares to Orosur at market value.

Orosur is a Canadian miner focused on gold projects in South America. Currently, the company operates the only producing gold mine in Uruguay (San Gregorio), and has other mining grants in the country and also in Chile.