Additional mining claims adjoining the Golden West property in La Paz Cty. were recently acquired by HRC Development, expanding the private group’s holdings in this region of Arizona.
The ground will be included in the Golden West land package under option from PIC International Prospectors (VSE) and Almaden Resources (VSE). HRC is earning a 50% interest in the Golden West from joint owners PIC and Almaden by spending a total of $1 million.
HRC can purchase the adjoining ground for US$104,720 subject to a sliding scale NSR of 4.5%.
Almaden and PIC report that drilling on the Golden West last year outlined an oxidized gold-bearing shear structure grading in the order of 0.03-0.04 oz. gold per ton.
The structure trends on to the adjoining ground and is reported to have been traced for an additional 1,500 ft. of strike length.
HRC plans to begin drilling on the newly acquired ground before the end of August.
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