1,000 gram silver bars
1,000 gram silver bars Murad Sezer/Reuters

Silver Scott Mines Inc. said Friday it signed a four-year earn-in deal with Pediment Gold Corp. to explore prospects in the Mexican state of Baja California Sur.

The stock-based agreement gives U.S.-based Silver Scott Mines access to more than 14,000 hectares covering two concessions near the Los Planes and Concordia gold deposits.

Los Planes contains 1.66 million ounces of gold, and Concordia contains 2.28 million ounces of gold, according to Silver Scott Mines.

The agreement allows the company to investigate high potential targets within these two mineralization trends, one of known gold deposits and the second trend having silver-gold deposits, the company said in a statement.