A package of six royalty and net profits interests (NPI) has been acquired by Euro-Nevada Mining (TSE) from the estate of a prominent Nevada mining prospector-developer for US$562,500, the company says. The purchase adds to Euro- Nevada’s portfolio of royalties on gold properties throughout North America.
The package includes a 3% NPI on 6,600 net acres in the Carlin Trend of Nevada, immediately north of the Purple Vein discovery and Goldstrike mine, and encompassing all of the lands operated by the Cordex Syndicate within a 38,400-acre area of influence covering the Dee mine and adjacent lands operated by Rayrock Yellowknife Resources (TSE).
In addition, the purchase includes various royalties and NPIs on substantial tracts of lands in the Pinson and Preble areas of the Battle Mountain Gold Trend in northern Nevada operated by Rayrock.
Also included in the package are royalties covering non-producing properties containing gold reserves in proximity to Tonopah in central Nevada.
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