The Elk City gold project includes 48 federal mining claims and the property was acquired from Southern Legacy Minerals for six million shares of common stock and six million common stock purchase warrants.
In addition, three million shares of common stock were paid to a previous claim owner along with a 1% NSR in exchange for significant amounts of historic data on the property.
The Elk City claims are called the Dore group and are located along a 1.5 mile long shear zone which averages 60ft in width and hosts en echelon quartz veins.
The property includes a historical underground mine called the Center Star Mine as well as the Commodore prospect.
