Aurogin and its partner can earn a 70% interest in the 10-sq.-km property by spending US$2.5 million on exploration and paying $375,000 over four years. The remaining 30% can be acquired for an unspecified amount.
Tierra Blanca sits on the southern flank of the Motagua fault, which bisects the country.
The property overlies a limestone ridge littered with granodiorite breccia float that assays up to 70 grams gold per tonne. The source remains unknown.
Drilling will begin shortly.
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