Consolidates acquires land interest

Consolidated Goldfields Corp. of Reno acquired a 100 percent interest in 160 acres of private land in the Willow Creek mining district in northeast Pershing County.

The publicly held company said it signed an exploration agreement that calls for advance royalty payments that begin at $5,000 for the first year. The deal also requires $190,000 in work during the first four years of the lease. It also holds an option to buy the property for $3 million.