Freeport McMoRan (NYSE) has taken an option on Thunder Mountain’s Blue Bluff property in Idaho. The agreement calls for annual advance royalty payments and a net smelter return on production.
In 1988, the company’s Thunder Mountain open pit heap leach operation in Central Idaho produced 24,249 oz gold and 29,066 oz silver. The 1989 production target is 25,000 oz. Coeur d’Alene Mines (Amex) is operator.
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