Ranger Gold Corp said that the US Forest Service (USFS) has approved its bond calculation for the CX Project in Nye County, Nevada.
According to the company, prior to beginning a drill program on USFS land, all companies are required to pay a bond equal to the amount of the estimated future costs that will be required to return the property to its natural state after the completion of the drill program.
Ranger Gold will pay the bond in the coming days and has engaged a contractor to carry out drilling on its Nevada holdings.
Ranger Gold president Gary Basrai said that with the approval of Ranger’s bond calculation and the sourcing of a drill contractor, the company hopes to commence drilling in the months to come once optimal weather and road conditions exist.
US-based Ranger Gold is a resource exploration company exploring for gold in proven gold regions of Nevada.