The Conversation (0)
High Desert Gold Corporation (CVE:HDG) reports that it has purchased the Batamote concessions in Sonora, Mexico.
The press release is quoted as saying:
The Batamote concessions form part of HDG’s Canasta Dorada property interests which also include the Basurero claims, on which the majority of the HDG drilling was previously completed and two other wholly owned concessions, one of which adjoins the El Chanate concessions.
High Desert Gold’s President and CEO, Ralph Fitch says:
“I believe this is an excellent opportunity for the Company and for our shareholders. HVG is being led by several former members of the Castle Gold management team, including Rick Adams as its CEO. Castle Gold successfully developed and operated two open-pit, heap-leach gold mines in Mexico and Guatemala, and was acquired by Argonaut Gold Corp. for gross proceeds of approximately Cdn$110 million during the first quarter of 2010. HVG’s immediate focus will be to drill extensions of the mineralization already defined by HDG’s earlier drill program. At the same time this allows our management team to focus on advancing the two very promising new gold projects in our portfolio, Gold Springs in the US and San Antonio in Mexico.”
Click here to access the entire news release.