Blue Falcon, Moapa option deal off

An option agreement between the partners of the Moapa Valley precious metals project in Nevada and Blue Falcon Mines will not proceed at this time, Micron Metals Canada (ASE), one of the Moapa partners, reports. The agreement would have allowed Blue Falcon, a private Canadian company, to earn a 60% interest in the project. The Moapa partners say they will continue to seek additional financing and to review other joint venture proposals.