Vault Strategic Mining Corp. has signed an agreement to acquire a 100% interest in the historical Mirage-Mariposa Tungsten Mine, part of the Gray Eagle Project in Inyo County, California. The site, known for tungsten and silver, has multiple mineralized zones but lacks modern drilling, offering potential for updated exploration. Vault plans to apply modern techniques to better define and possibly expand the resource. The acquisition involves staged cash payments totaling US$380,000 and a 2% net smelter return royalty to the vendors. This move adds to Vault's portfolio of strategic mineral assets in North America, emphasizing value through modern exploration of historical sites.
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