Big Bear Mining Acquires Property in Elk City Gold Project in Idaho
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Big Bear Mining has acquired new property in the Elk City gold project in Idaho County, Idaho.
The Elk City gold project consists of 48 federal mining claims located in Idaho County, Idaho. The property was acquired from Southern Legacy Minerals, Inc.
The Elk City claims are called the Dore group and are located along a 1.5 mile long shear zone that averages 60 feet in width and that hosts en echelon quartz veins. The property includes a historical underground mine called the Center Star Mine as well as the Commodore Prospect.
Big Bear also has entered into the first phase of funding through new share financing agreements totaling $60,000. The securities to be issued under the agreements have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States without a registration or an applicable exemption from the registration requirements.
“This acquisition has staked our land position in a promising gold district in Idaho. Big Bear is seeking funding to drill Rattlesnake Hills and our Lewiston, Wyoming, properties as well as to continue to advance the previous work that has been completed by historic operators on our new Idaho property,” said James Baughman, CEO of Big Bear.
About Big Bear Mining
Big Bear Mining is a U.S. based exploration company focused on the acquisition and development of gold and other precious commodity projects that are economically viable and geologically compelling.
To stop by Big Bear Mining’s website, CLICK HERE
