Mesa Exploration Corp. (TSXV:MSA) announced the acquisition of two new properties. The Company acquired a 100% interest in the Oatman Gold property, Arizona and Belmont Silver property, Nevada. Both properties were purchased from American Bonanza Gold Corp.
As quoted in the press release:
The projects were purchased from American Bonanza Gold Corp. for $75,000. Bonanza retains a 3% NSR royalty, half of which can be purchased by Mesa for $2,000.000.
Mesa Exploration, CEO, Foster Wilson, stated:
We are very pleased with this acquisition, both projects are highly prospective and are adjacent to historic productive mines. The Bounty potash project continues to remain the principal development project for the company where we are currently working towards securing drilling permits.