Glen Eagle Resources (TSE:GER) has released an update.
Gold Basin Resources Corporation has announced an option agreement to acquire a 50% interest in the New Pass Gold Property in Nevada, which has a significant inferred resource and potential for expansion. The property includes a historical gold and silver deposit, with a notable portion of the gold deposit oxidized and amenable to heap leaching, indicating potential cost-effective extraction. The New Pass Property lies within a renowned gold trend and is near the McCoy-Cove Mine, which is expected to restart production.
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