Arizona Gold & Silver acquires new project in southeastern Arizona

  • Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF) said it has completed the acquisition of the Sycamore Canyon epithermal gold-silver project in southeastern Arizona, positioning the asset for potential advancement through a future partnership. The company said the 10 unpatented lode mining claims were acquired for US$40,000, securing full ownership of the property subject to annual BLM claim fees and a 2% net smelter royalty (NSR) retained by the previous owner.