Pallaum Minerals (VSE) can earn up to a 65% stake in the Bullion Mountain property in Nevada’s Crescent Valley.
The announcement follows an agreement reached with 60-40 partners Cactus West Exploration (VSE) and Cabo Explorations (VSE).
Gold values of more than 1 gram per tonne, combined with high concentrations of arsenic, antimony and mercury, have been identified along high-angle faults.
Pallaum also reached a separate agreement with Cactus West to earn up to a 75% interest in two other properties in the area.
The company will begin exploring the three properties shortly, with drilling planned for the autumn.
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