High Desert Gold Signs Option Agreement With Norvista Resources Corporation on the Company’s Canasta Dorada Gold Project in Mexico

- July 2nd, 2010

High Desert Gold Corporation (TSX VENTURE:HDG) announced that the Company has signed an option agreement with Norvista Resources Corporation, a private Canadian corporation headquartered in Toronto, on the Company’s Canasta Dorada project located in Sonora, Mexico.

High Desert Gold Corporation (TSX VENTURE:HDG) announced that the Company has signed an option agreement with Norvista Resources Corporation, a private Canadian corporation headquartered in Toronto, on the Company’s Canasta Dorada project located in Sonora, Mexico.

The press release is quoted as saying:

Under the agreement, Norvista will commit a minimum expenditure of US$250,000 and maintain the property for six months. Prior to the end of this option period, Norvista can elect to purchase a 51% interest in a wholly- owned subsidiary of HDG, to be established (“Newco”), for US$1.5 million. Newco would be set up to hold all the HDG property interests in the Canasta Dorada Project. Norvista would be manager of the project under the direction of Mr. Rick Adams, most recently a founder and director of Castle Gold Corporation (“Castle Gold”).

Click here to access the entire press release

Click here to access High Desert Gold Corporation Corporate Site

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