The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Wednesday, 18th March 2009 (4598 views)

Quri Resources has announced that it is planning to exercise an option to acquire the Oatman gold mine in Arizona and has informed G&G Mining.

Located in Oatman, the property covers a number of mines with a record of past gold production and has historically yielded over two million ounces of gold.

Quri Resources entered into a letter of intent in January this year with G&G Mining regarding properties owned by the firm in the US and Ecuador.

The company plans to purchase a 100 per cent interest in the Oatman gold mine property, which comprises two groups of claims in one of the leading gold districts of Arizona, including the Argo, Green Quartz, Oatman United and Lazy Boy mines.

Jamie Gomez, Quri Resources president and chief executive, commented: "Based on our diversification strategy, this is quite an important step towards expanding our reach in the United States."

Quri Resources is based in Quito, Ecuador and has plans to become a producing gold company by mid-2009, with operations in South America and the US.

 

« Back to Gold News stories