Menora options Mexican prospect

An option to earn a 50% interest in a gold property in the Mexican state of Zacatecas has been acquired by Menora Resources (ME).

The junior, to act as operator, may earn its interest by spending US$120,000 on exploration work by Oct. 31. The agreement, subject to regulatory approval, is with a London-based private company. Menora says the property hosts three known gold deposits, one of which has undergone preliminary evaluation by the junior. Menora says it is negotiating to acquire additional properties in the same area.