Piedmont sets deal for Elko County exploration

Piedmont Mining Co. Inc. of Reno has signed an exploration deal with Carlin Gold Corp. on about six square miles of claims 30 miles northwest of Wells.

To earn a 51 percent interest in the property, Piedmont must complete $3.5 million in exploration work within five years. It also paid Carlin $300,000 in cash and 100,000 of its unregistered shares.

Piedmont also said it terminated an exploration program on about 900 acres of claims 35 miles southeast of Winnemucca after drilling didn't produce anything of interest. NNBW staff