Latitude eyes option in Oregon

Denver — Junior Latitude Minerals (LTU-V) has signed a 60-day option agreement to acquire the Golden Revenue property in southwestern Oregon.

The company is carrying out due diligence work, including underground mapping and sampling, as well as inspection of the on-site mill.

Latitude believes there is potential for a small-tonnage operation. Past sampling averaged 0.86 oz. gold per ton over a vein width of 2.4 ft.

At the end of the option period, Latitude will decide whether or not to purchase the property. The purchase price has not been disclosed.