Toronto-based Lago Resources (LAGO-CDN) reports that its 10 claims in northwestern Nevada are situated in a geological environment favorable for the occurrence of epithermal gold mineralization.
The land package is situated near the Sleeper gold mine of Amax Gold (AU-N).
Lago is an emerging junior that intends to focus primarily on gold projects in Central and South America. It has 11.3 million shares outstanding and working capital of more than $1 million.
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