Infield Minerals Secures Option on Detroit Gold Property

Vancouver-based Infield Minerals Corp. has entered into a property option agreement with Hawk Resources Limited for the Detroit Property located in Utah's Drum Mountains. The agreement grants Infield the right to acquire full ownership of mineral claims in this region known for its mineral potential.

The financial terms include staggered cash payments totaling $550,000 over five years. Additional milestone payments are linked to specific gold discoveries and production levels. Infield retains the option to pay up to half of these amounts in company shares.

The property is notable for the Mizpah mineralized zone, offering promising historical drill results. The site benefits from extensive infrastructure and historical mining presence, enhancing exploration prospects. This acquisition aligns with Infield's strategy to expand its portfolio in locations with significant mineral resources.