A well-financed tse listing which is currently developing a gold deposit in Ontario’s Hislop area, Goldpost Resources has now acquired a long-term lease on a former gold producing property in Idaho. This includes an option to purchase the property for $10 million(US) within the first 10 years.
Known as the Gold Hill mine, it consists of 19 patented and 28 unpatented claims which, according to the U.S. Bureau of Mines, produced 391,460 oz of gold prior to the mid-1930s.
This property has been highly recommended, President Patrick R. Heenan tells The Northern Miner.
Ora Rostad, a Colorado consulting geologist, recommends testing “for significant high grade ore reserves at shallow depths followed by testing for stringered type zones of open pit potential.”
The company has already committed to spend $175,000 during the first year on a drilling program scheduled to get under way in the spring, Heenan says.
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