Gold Resource Corporation acquired an option to purchase a gold bearing property in Nevada, known as “Gold Mesa,” held by Silver Reserve Corporation, a wholly-owned subsidiary of Infrastructure Materials Corp.
The company acquired the option for $121,506 cash and restricted common stock with a market value of $200,000. The option gives the Company the exclusive right to purchase 100% of the property at any time for 36 months for an additional $270,000 cash and restricted common stock valued at $1,000,000 at closing. Recent tests show the property has potential for a high-grade gold open pit, or multiple gold open pits with mineralization at shallow depths below surface.
