A joint venture agreement will see Chase Resources (VSE) take on a partner to help fund exploration at its Sungold project near Prescott, Ariz. Under the terms of the agreement, Whiskey Creek Resources (VSE) can earn a 50% interest in the early stage gold prospect which is being explored for its potential to host heap leachable reserves that could be mined by open pit methods.
Chase will be manager and operator of the Arizona joint venture. The company recently acquired a new gold property near Baker, Ore., that is also being explored for its potential to host heap leachable reserves.
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