Waseco Options Nevada Gold Property to SSR Mining [Canadian Business Journal (Canada)]
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Source: Canadian Business Journal
TORONTO, July 13, 2020 (GLOBE NEWSWIRE) —Waseco Resources IncThe 29 claim BMR property is strategically located on the Battle Mountain-Eureka Trend, immediately adjacent to the Trenton Canyon Mine, which SSRM recently acquired from Newmont. It is approximately 10 km south of SSRM’s current Marigold Mine operations.BMR hosts oxide gold mineralization identified by drilling programs carried out by several previous operators over the past 30 years. To date, three gold zones have been identified on the property. The South and West zones are oxide hosted and drilling by Waseco has extended the West Zone laterally.Additionally and importantly, Waseco has made a sulphide hosted gold discovery near the Northern property boundary with SSRM. (see WRI News Releases Jan. 12Under the terms of the Agreement, SSRM has agreed to carry out exploration expenditures of US$1.5 million within the next 5 years and assume all of the carrying costs of the BMR property during the option period. At the end
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