Silver Scott Mines Inc. boosted its holdings in a key gold mining area of northwestern Mexico, the U.S.-based company said Friday.
The acquisition of 29,652 acres lies to the south and west of a 6,177 acre tract Silver Scott already has in the the Quitovac Mine area of northern Sonora state, which borders Arizona.
Previous property operators have calculated gold resources ranging from a low of 112,000 ounces to 325,560 ounces.
With gold at historic high metal prices, we expect Quitovac can produce as a low-cost heap leach mine, John Ryan, Silver Scott Mines CEO said in a statement.
