A name change has been proposed for Castle Minerals (VSE), along with a share consolidation on a 2-for-1 basis. (The company has 30.6 million common shares outstanding.)
In other activities, the junior can acquire 17 gold-silver concessions in Mexico’s Durango state for a US$2.5 million payment spread over three years. Preliminary work on one of these concessions, Tejamen, returned 200 chip samples from both underground and surface workings averaging 1 gram gold and 178 grams silver per tonne, as well as 1% lead and 1.6% zinc. The company is seeking to joint-venture the properties.
Drilling at the Cerro Agujaredo property is expected to begin shortly, now that road-building problems have been resolved.
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