Yellowstone acquires Idaho gold prospect

The purchase price was not disclosed, but terms of the agreement give Yellowstone a long-term renewable lease to explore and develop the property, which is said to have potential for both an underground mine and a low grade, heap leach operation.

Dennison, the previous owner, retains a 10% net profits interest which may be converted to a full 25% joint venture working interest. The property is north of the Beartrack gold discovery owned by Meridian Minerals and Canyon Resources.

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