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Mercado Minerals signed an LOI to buy the La Franca concession within its Zamora project in Sinaloa, Mexico. Deal structured as a three-year option to acquire 100%, subject to a 2% net smelter return royalty. Option payments total US$ 600,000, including US$ 100,000 on signing, then US$ 200,000 on year two and year thre
Mercado Minerals Ltd. said it signed an LOI to acquire the La Franca concession within its Zamora project using a 3-year option for $600K, with a 2% NSR buyable for $500K. Surface chips reported include 1.00 m of 1,530 g/t Ag and 1.39 g/t Au.
Mercado Minerals says it has signed a Letter of Intent to purchase the La Franca concession within its Zamora Project and reports sampling results including 1.00 metre at 1.53 kg/t silver and 1.39 g/t gold.