Prosper Gold Corp. said March 5 that it agreed to buy the gold-prospective Currie property in Ontario from private vendors.
The 2,000-hectare project is located 9 kilometers north of Prosper's recently optioned Egan property and hosts the Grindstone Creek occurrence, which is a gold-silver-zinc zone in massive and semi-massive pyrite-sericite schist.
Under the terms, the company is required to pay C$130,000 and issue 450,000 shares in stages over 1.5 years. The property is subject to a 2% net smelter returns royalty, half of which can be repurchased for C$1 million.
