WICKENBURG, Ariz., Sept. 6, 2013 /PRNewswire/ -- Focus Gold Corp.
(FGLD) is pleased to announce a Memorandum of Understanding (MOU)
with Alix Resources Corp. (ARXRF) which will see the respective
companies pool their geological records and relevant resources to
push forward the exploration and development time lines for their
respective gold projects located in Yavapai county in the Wickenburg area of Arizona.
Focus Gold has entered into a Letter of Intent (LOI) to purchase
the former producing Water-Sunset Gold Mine. Significant capital
has been invested over the years on engineering and development
yielding several hundred ounces of gold. It is the venture's intent
to commence a drill program to explore the known vein structure
leading to a feasible mining plan. The Water-Sunset Gold Mine is a
grandfathered mine site that has 2 patented claims, sufficient
required water rights and an 80 ft. mine shaft. The mine was in
limited production as recently as the 1990's.
The "WS Homestake Mine" is home to the former producing mines
Homestake, Big Stick and Water Sunset, and encompasses almost two
thousand acres. Historical records relating to these mines are host
to over 300,000 ounces of
proven gold and many thousands more
probable.
Focus Gold CEO Gordon Lee states,
"We look forward to contributing our personnel and our extensive
resource of geological data here in Arizona to create a project leading to an
eventual ongoing mining plan."
Contact:
Gordon F. Lee
928-684-2737 or 928-684-5065
gordontmxn@gmail.com
SOURCE Focus Gold Corporation
