Although details are veiled in secrecy, Sutton Resources (VSE) reports that it has signed a memorandum of understanding on a gold property outside North America.
The property is subject to a legal claim by an unrelated third party and as a result, Sutton will wait until the dispute is settled before finalizing an agreement.
The company stated that the property in question has had several advanced exploration programs conducted on it, which identified a number of gold-mineralized vein zones.
Preliminary mineral resource estimates indicate a portion of the mineralized structures contains more than one million oz. gold.
Details of the property have not been made public because of legal circumstances, although Sutton has filed confidential reports with regulatory authorities.
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