Minefinders options Nevada properties

Vancouver-listed Minefinders Corp. has optioned ground held by Equinox Resources (VSE) in northern Nevada.

The three properties lie within either the Carlin Trend or the Battle Mountain Trend, both prolific gold-producing areas.

Minefinders can earn a 51% joint-venture interest in the properties by spending US$1 million over four years and making staged payments of $45,000 cash and 100,000 shares. Funding to feasibility would give Minefinders a 70% equity interest in the properties.

A minimum first-year expenditure of $150,000 is envisioned.