Having opened an office in Sonora, Nordic Gold (ASE) intends to begin exploration work in compliance with option agreements for three properties in the Mexican state.
Oro Verde, El Taco and La Mexicana were optioned for 100,000 shares each, with Nordic receiving a half interest in all three and each vendor retaining a 1% net smelter return royalty.
At 300 hectares, Oro Verde hosts a northwesterly/southeasterly-trending copper-gold-bearing breccia which has been traced by trenching for 3,000 ft. The breccia unit is 5-10 ft. thick and grab samples have returned assays from 0.1-10% copper and up to 0.14 oz. gold per ton.
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