Junior Dakota Resources (DAK-A) has acquired a past-producing gold property in Mexico’s Chihuahua state.
The 300-ha Porvenir property is reported to contain commercial quantities of gold and silver, though no official estimates are available.
The company has signed a contract with J.F. Touborg Consultants to explore for reserves and verify reports from a Mexican geologist that the property contains 2 million tons grading 0.3 oz. gold per ton.
“As far as we are concerned, we must receive verification from Touborg before we are able
to claim to have those reserves,” states Dakota spokesman J.R. Bateman.
He adds that underground workings will be dewatered and a nearby mill will be used for metallurgical tests.
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