Junior Millstream Mines (MLSM-C) has picked up a 50.5% interest in the past-producing Tamarack gold property in southwestern Montana.
To earn its interest, the company must fund undisclosed exploration costs and pay US$176,000 in cash.
Included in the deal are mining equipment and two mills. One of the mills, built in the 1990s, has a daily capacity of 60-100 tons. The other, older facility will be refurbished and used to process material from Millstream’s nearby Uncle Sam gold property. Also a past producer, Uncle Sam is said to host 4,500 tons grading 0.44 oz. gold per ton.
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