Sassy Gold Corp. of Vancouver, British Columbia, Canada, has agreed to acquire six gold mining properties in Utah, all of which have historical production. Five of the properties are in San Juan County near the Colorado state line and the other property is in Emery County. All were previously owned by Moab-based Kimmerle Mining.
The acquisition is part of a 15-property purchase by Sassy. The remaining mines are in Colorado and the entire acquisition totals 8,200 acres located on the Colorado Plateau geological region that straddles the border of Utah and Colorado.
The 15 properties are all known to contain sandstone-hosted, roll-front uranium deposits. Sassy Gold said all of the properties are within trucking distance to the only operating conventional uranium mill in the United States, the White Mesa Mill near Moab.
“This acquisition of past-producing uranium mines with known deposits, on reasonable terms, is undeniably a big step forward for Sassy Gold,” said Mark Scott, Sassy’s president and CEO. “These advanced projects, with their accessible, shallow, tabular-style deposits, give the company multiple development and deal-making options moving forward.”