Double Crown Resources Inc. said Oct. 5 that it entered a binding participation agreement for controlling interest of a major gold, silver and minerals property in Mexico's Puebla region.
Following the acquisition of the Puebla mineral rights, the company will be able to accelerate its established working relationships and contracts with international gold buyers for high-volume shipments.
The company will use the resources from Puebla mines for multiple high-value supply projects over the next several years.
The first phase of operations will be the immediate processing of a large supply of available gold tailings. Double Crown plans to invest up to $US1.0 million toward the funding of the acquisition.
The company is formalizing plans to set up complete production operations at the established mining sites in Mexico, in conjunction with the signed agreement.