Crown Resource Corp. (NASDAQ) has optioned a 34,000-acre exploration property in the southern portion of the Carlin trend in Elko Cty., Nev.
The property, which lies about six miles southeast of Newmont’s Rain gold deposit, covers land holdings of the Virginia Kirk Cord ranch.
Crown plans to begin an extensive preliminary exploration program on the property immediately. Following the conclusion of the initial program, Crown will determine whether to joint venture with others or develop the property by itself.
With its headquarters in Denver, Colo., Crown has interests in 20 mining properties in Washington, Colorado, Arizona, and Nevada.
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