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Silver Reserve deal set

NNBW staff

Silver Reserve Corp., a wholly owned subsidiary of Reno-based Infrastructure Materials Corp., said last week it signed a non-binding letter of intent to sell a half interest in its Silver Queen and Klondyke properties to MGold Resources of Montreal.

MGold would acquire its stake in the properties by spending $4 million on exploration within 30 months. The properties are in Esmeralda County.