GoldSpring leases Winnemucca copper property
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.
After expanding to the North Valleys in 2018, Crystal Creek Logistics is looking to grow to a new home at least twice the size of its current 35,000 sq. ft. location; the expansion would create another 55 jobs, bringing its total local workforce to about 100 employees.