Atapa options Doherty ground

Atapa Minerals (AML-M) has signed a deal with privately held DCM Gold to acquire the Doherty Cooper gold property near Kirkland Lake, Ont.

Atapa can acquire a full interest in the eight claims that make up the property for staged payments totalling $500,000 and exploration spending of $1.8 million over five years. The deal includes a 3% net smelter return royalty for DCM, a third of which Atapa can purchase for $1 million.

The 320-acre property is next to the Larder Lake break and near a recent gold discovery of Queenston Mining and Franco-Nevada Mining.