Mercado Minerals signs LOI to buy La Franca concession at Zamora project in Mexico
Bitget2026/09/18 11:31- Mercado Minerals signed an LOI to buy the La Franca concession within its Zamora project in Sinaloa, Mexico.
- Deal structured as a three-year option to acquire 100%, subject to a 2% net smelter return royalty.
- Option payments total US$ 600,000, including US$ 100,000 on signing, then US$ 200,000 on year two and year three anniversaries.
- Royalty carries a US$ 500,000 buyback right to repurchase the full 2%.
- Surface chip sampling reported up to 1 m of 1,530 g/t silver, 1.39 g/t gold; combined vein strike extended to 750 m.
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