Sierra Rosario contains dozens of historic placer gold workings in numerous small drainages, as well as abundant gambusino workings in hard rock. Northair's exploration staff staked the concessions in 2002 and has since discovered six gold and silver occurrences within the property. In early 2004, Northair optioned the 1090 hectare property to Sparton Resources Inc., who have since earned a 51% interest in the project by paying Northair $130,000 (CAD) in cash, issuing 275,000 common shares and incurring $800,000 (CAD) in exploration expenditures over a four year period. To date, Spartan has completed an extensive geological, geochemical and geophysical work program which identified several excellent high grade silver-gold and base metal targets for drill testing.
Last:
$0.06
High:
$0.07
Low:
$0.06
Chg:
even
Vol:
38500
