Gunpoint Exploration Ltd Acquires El Escorpion Silver Project

Gunpoint Exploration Ltd. (TSXV:GUN) announced that it has acquired  Hunt Exploracion S.A.  from Chesapeake GoldCorp (TSXV:CKG), who hasan option to acquire a 100% interest in the El Escorpion silver project in Guatemala.

As quoted in the press release:

The Escorpion project is a 900 hectare concession situated 7 kilometres southwest and along the trend of Tahoe Resources Inc’s Escobal deposit.

Gunpoint’s President, Dr. E. Max Baker, said:

Being on the doorstep of Tahoe’s Escobal deposit, an advanced stage silver deposit with estimated production of 20 million ounces of silver per year for over ten years, the Escorpion project represents a tremendous exploration opportunity for Gunpoint as it has three untested zones of outcropping epithermal silver mineralization ready for drill testing. The Escorpion project provides Gunpoint exposure to a new potential discovery in one of the most prolific exploration districts for silver globally.

To view the whole press release, click here.