NSGold Concludes Agreement for Silver Hill Property, Nevada

By MT Newswires,  January 10, 2013, 09:45:35 AM EDT

NSGold Corporation (NSX.V) has signed a Mining Lease and Option to Purchase Agreement with Cerro Rico Ventures LLC in respect of the Silver Hill property located in Humboldt County, Nevada.

The Silver Hill property is comprised of 36 unpatented claims encompassing a 2,500 to 3,000 foot long shear zone that transects the western flank of Edna Mountain.

Under the terms of the Agreement, NSGold, through its wholly owned subsidiary, NSGold Nevada Inc., may, at any time during the ten-year term of the Agreement, purchase a 100% interest in the Silver Hill property by making a cash payment of US$1,250,000.

NSGold is trading near a yr low.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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