NEWS ROUNDUP — BHP options Robber’s Roost

Excellon Resources (VSE) and MVP Capital (TSE) have granted BHP Minerals the right to earn up to a 70% interest in their joint property in Arizona.

To earn an initial 60% stake in the Robber’s Roost property, BHP must spend US$3.4 million over six years and pay US$225,000 annually to the joint venture over five years. BHP can increase this to 70% by completing a feasibility study.

Having examined old core from drilling in 1973-74, the companies believe the project has the potential to host an open-pit, heap-leachable chalcocite blanket about 150 ft. below surface.

Exploration of the property, near Tombstone, is expected to start before the new year. Details have yet to be released.