An option agreement with Santa Fe Pacific Mining (NYSE) gives Consolidated Ramrod Gold (TSE) the right to earn a 50% interest in the Lovie gold property in Lander Cty., Nev.
In consideration for the interest, the company must spend a total of US$1 million over five years.
The property, which Ramrod is now calling the Bullion Mountain, is contiguous with the company’s Bru-Lovie and Mud Springs gold projects.
Exploration on Bullion Mountain will be undertaken in concert with work scheduled to begin in May on the Bru-Lovie and Mud Springs properties.
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