Renaissance Gold Inc. of Reno said last week it’s selling a prospect near Lovelock to a Las Vegas company that wants to fast-track development of an antimony, lead and silver mine.
The 742-acre property known as the Arabia project is in a district where the first commercial-sized lead smelter in the United States came into operation in the mid-1860s.
First Liberty Power Corp. of Las Vegas will pay Renaissance Gold $100,000 a year and provide a 10 percent net royalty interest to the Reno company. Renaissance Gold is committed to spend $50,000 a year in exploration on the property.
The Las Vegas company is planning a mill four miles to the east to process antimony ores from its own Fencemaker project that’s now under development nearby.
NNBW staff
