Issue link: http://resourceworld.uberflip.com/i/832998
22 www.resourceworld.com J U N E / J U L Y 2 0 1 7 Yerington Copper Projects are close to rail infrastructure that connects to inter- national ports, and has power and water connections. Quaterra owns more than 8,600-acre-ft/year water rights permitted for mining in the area and has an option to purchase additional water rights. Red Hut Metals Inc. [ROB-TSXV] recently optioned the Providence group of four mines in the Summerville mining district of Tuolumne County, California, in the eastern Mother Lode district. The property has several past-producing mines plus some patented claims. Production was from 1897 to 1916, when an owner's dispute stopped production. The old operations only mined free gold using a stamp mill and ignored gold sulphide min- eralization which provides future mining potential for the remaining free gold zones as well as all the gold-bearing sulphide zones. A double-compartment shaft was sunk to a depth of 1,470 feet on the dip of the vein which accessed 12 levels. Red Hut is planning an exploration program to define grades and tonnages. The upper lev- els are dry with the lower levels needing de-watering. Renaissance Gold Inc. [REN-TSXV] is a gold-silver-focused exploration com- pany with projects in Nevada and Utah, many of which are in earn-in agreements with industry partners. May 11, 2017 the company announced the signing of a share purchase agreement with the shareholders of Kinetic Gold Corp. whereby RenGold will acquire all of the shares of Kinetic in exchange for the issue of 6,832,933 com- mon shares of RenGold. This acquisition adds 10 high-quality properties to the 15 exploration projects in RenGold's portfo- lio and, in particular, adds more, "good eastern Nevada and trend plays that hold the strongest interest in the market." The acquisition is subject to regulatory approval. Renaissance Gold has also signed a Letter of Intent with Kinross Gold USA Inc. that would grant Kinross the option to acquire a 70% interest in the Spruce East, Diamond Point and Buffalo Canyon explo- ration projects located in Nevada within 10 years. Rio Tinto PLC [RIO-NYSE] has min- ing operations across the globe employing a workforce of about 50,000 in around 35 countries. In the Western US these opera- tions include: Kennecott, a wholly owned subsidiary of Rio Tinto just outside of Salt Lake City, Utah that produces copper, molybdenum, gold, silver and sulphuric acid. The Resolution copper project is a proposed copper mine in Arizona and the open-pit borate mine in Boron, California, is one of two world-class borate deposits on the planet. Silver Spruce Resources Inc. [SSE- TSXV] has the advanced exploration Kay Mine Project in Yavapai Country, Arizona. continued to page 69