The company will buy the project, which comprises seven concessions covering about 26,000 hectares, from a wholly owned subsidiary of Paramount Gold and Silver Corp.

Axiom VP of exploration Barry Quiroz said the Morelos project has several significant targets whose remote sensing satellite Aster Image signatures are very similar to Goldcorp’s El Sauzal Mine 25km to the northwest, and two other projects of Goldcorp about 10km to the north.

Axiom is a mineral exploration firm with current properties located in Sonora State, Mexico.

The company is also seeking additional exploration and mining concessions in Mexico, Argentina and Chile.