Junior Bethlehem Resources (TSE) can earn a half interest in the Delta-1 gold-silver prospect in northern Mexico.
Under an agreement with Levelland Energy & Resources (VSE) and Minera Delta, the company can acquire the interest by spending $2.5 million on exploration and development over five years.
With the exception of preliminary work late last year, no modern exploration has occurred on the property.
The recent work included linecutting, rock geochemistry and mapping which outlined a zone of gold mineralization measuring 440 ft. wide and 1,000 ft. long. About 80 rock chip samples across the epithermal system returned an unweighted, arithmetic average of 0.22 oz. gold per ton.
Further mapping and rock geochemistry are planned, prior to drilling.
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