Wednesday, 9th March 2005 (2739 views)

US mining firm Mercantile Gold has purchased the Star Hill project in Arizona.

The company recently acquired a 50 per cent interest in the Mexican Hat gold deposit and has been conducting a regional exploration programme across southeastern Arizona.

Star Hill is located around 80 miles south-east of Tucson and has an estimated resource of 650,000 tonnes.

The copper-gold deposit is located in an area which has revealed good resources in the past and the area surrounding it has been widely explored by major mining companies.

Mercantile Gold is a mineral exploration and development company whose objective is to acquire, discover and develop world-class gold and silver deposits.

 

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