- Write by:
-
Saturday, June 6, 2020 - 2:22:02 PM
-
521 Visit
-
Print
Mining News Pro - Aura Resources has entered into a definitive amalgamation agreement for the acquisition of Territory Metals, an unlisted private company in British Columbia, western Canada.
Aura said its interest in Territory focuses on the company’s Tip Top gold project in Nevada, USA.
Tip Top is subject to an agreement of purchase and sale whereby Territory has a right to acquire a 100% interest in the project.
The property comprises 22 unpatented mining claims covering approximately 173 hectares. It is located in Esmeralda County, at the north end of the White Mountains, five miles south of Montgomery Pass.
According to Aura Resources, Tip Top contains several low-sulfidation oxide gold-silver epithermal veins with low base metal contents which are peripheral to an altered rhyodacite intrusion emplaced into Jurassic-Cretaceous intrusive and a bimodal package of volcanic rocks.
“Two of the veins historically produced a total of 6,900 ounces of gold and some silver,” the miner’s statement reads.
“Since 1980, the property has been drilled by five companies, with 143 drill holes totalling over 24,000 feet. Historical drilling along the Tip Top vein, and particularly around the Tip Top adit, has identified gold-bearing veins and there is a good possibility of expanding the known mineralization along strike and to depth.”
Short Link:
https://www.miningnews.ir/En/News/543240
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Representatives from the Peñas Negras Indigenous community, in northwestern Argentina, clashed with heavily armed police ...
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the ...
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing ...
Outflows from global physically backed gold exchange traded funds (ETFs) continued for a 10th month in March, but at a ...
i-80 Gold fell by over 11% at market open Tuesday following its announcement of a C$100 million ($74m) public offering ...
Australia’s Westgold Resources said on Monday it had agreed to acquire Toronto-listed Karora Resources in a ...
Chinese coal prices are likely to keep falling until the start of the peak summer season, suppressing imports of the ...
No comments have been posted yet ...