GoldSpring leases Winnemucca copper property | nnbusinessview.com

GoldSpring leases Winnemucca copper property

NNBW staff

GoldSpring Inc., a mining company based at Gold Hill, said last week it signed a 10-year lease of its Big Mike copper project near Winnemucca.

It didn’t identify the company that leased the property, but said it’s a local firm controlled by a former GoldSpring director. The mine isn’t currently in production.

Gold Spring will get a $50,000 payment upfront, $75,000 when a production permit is issued and $125,000 when mining starts.

Additionally, GoldSpring will get production royalties of 3 to 5 percent, depending on the price of copper.




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