Sold to Riverside Resources for cash, shares, and a royalty on June 26, 2019.
The target at El Pima is shear hosted quartz stockwork gold and distal sediment hosted disseminated gold deposit. One kilometer north of El Pima in the San Manuel zone disseminated and quartz stockwork gold have been reported by the Mexican Geological Services (SGM).
Location and Setting
El Pima is located in the Santa Teresa mining district in northern Sonora 39 km south of Magdalena and 5.5 kilometers south of GoGold’s Santa Gertrudis mine.
Millrock holds a 0.5% net smelter returns (“NSR”) royalty on the project.