Torex Gold Acquires 100% Interest in Medicine Springs Project in Nevada from Northern Lights
Torex Gold Resources Inc. has exercised its option to acquire a 100% interest in the Medicine Springs project located in Nevada from Northern Lights Resources Corp. Northern Lights will retain a 1% Net Smelter Return royalty, with a provision to reduce it to 0.5% for a payment of $2.5 million. The project has shown potential for various mineralizations including silver, lead, zinc, copper, and gold, following extensive historical exploration.
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Torex Gold Resources Inc. has completed the acquisition of a 100% interest in the Medicine Springs project in Nevada, previously optioned from Northern Lights Resources Corp. Northern Lights will hold a 1% Net Smelter Return royalty on the project, which can be reduced to 0.5% for $2.5 million.
The Medicine Springs project has undergone significant historical exploration, revealing potential for mineralizations such as silver, lead, zinc, copper, and gold through various deposit styles. This acquisition positions the project for further advancement under Torex's management.
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