Del Toro Silver Corp. of Carson City said last week its signed an option to purchase up to 67.5 percent interest in the Natchez Pass gold property in Pershing County.
The property, formerly known as the Nick Mine, is at Imlay.
Greg Painter, president of Del Toro, said his company would pay slightly more than $4 million in cash and 5 million restricted shares of its common stock to Natchez Pass LLC if it exercises the option. It has 60 days to conduct due diligence.
Earlier this year, American International Ventures Inc. of Winnemucca had taken a 30-day option to buy Natchez Pass LLC.
