Sphere Resources Enters Option Agreement for Ziggurat Property

- December 29th, 2010

Sphere Resources (CVE:SPH.H) enters into a JV agreement to acquire mining claims at Poker Flats located within the Carlin Mining District in Elko County, Nevada.

Sphere Resources (TSXV:SPH.H) enters into a JV agreement to acquire mining claims at Poker Flats located within the Carlin Mining District in Elko County, Nevada.

The press release is quoted as saying:

This agreement enables the Company, along with its joint venture partner Spartan to acquire an equally shared 70% interest in the Ziggurat gold concession in Nevada’s world renowned Round Mountain-Northumberland Trend, home to the +15,000,000 ounce Round Mountain gold mine of Kinross and Barrick Gold, and Fronteer Gold’s +3,000,000 ounce Northumberland Mine. Under the terms of the agreement, Spartan is responsible for financing of the first stage exploration activities at Ziggurat.

Click here to access the entire press release

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