A junior under the corporate umbrella of Prime Equities (VSE) recently acquired an option to acquire a 60% interest in the Middlemarch property owned by West Pride Industries (VSE).
Asiatel Media (VSE), also involved in exploration ventures in northwestern British Columbia, can earn the 60% interest by paying West Pride US$50,000, and by spending US$2.1 million within three years.
The 13-square-mile Middlemarch property is in Cochise Cty., Ariz., 25 miles north of along structural strike from the Bisbee-Warren mining district. Recorded production from this area is reported to be more than 8 billion lb. copper, 2.7 million oz. gold, and 100 million oz. silver.
A number of targets have already been outlined on the Middlemarch property, including Bisbee-type limestone replacement/skarn deposits and Cananea-type breccia pipes.
The initial work program to be carried out by Prime Explorations will include geological mapping, geochemical sampling and follow-up drill testing later in the year.
Be the first to comment on "Asiatel options Middlemarch"