Atlas (AZ-N) is buying back the Grassy Mountain gold deposit in southeastern Oregon.
Atlas has paid US$206,000 and issued a promissory note for US$500,000 to the current vendor, Newmont Gold (NGC-N). Atlas also assumed bonding requirements from exploration reclamation of US$146,000.
In 1995, the deposit was estimated to host about 16 million tons grading 0.062 oz. gold per ton.
Earlier this year, Atlas bought back from Newmont the Musgrove Creek project in Idaho.
By continuing to browse you agree to our use of cookies. To learn more, click more information
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.
Be the first to comment on "Newmont Gold sells Grassy back to Atlas"