- EV Resources (EVR) announces plans to consolidate its land position in its New Standard copper project in Arizona
- The company will “slightly” reduce its ground position in the western bloc of the project area to focus on the “highly prospective” eastern bloc area
- This means the company will hold 2996 acres under unpatented claims as it continues geological work in 2023
- Based on assay results from sampling undertaken in 2022, EVR has decided to not exercise its option to purchase six new mining claims covering 124 acres
- EVR shares are down 6.25 per cent and trading at 1.5 cents at 3:46 pm AEDT
Junior explorer EV Resources (EVR) has flagged plans to consolidate its land position in its New Standard copper project in Arizona.
The company said it would “slightly” reduce its ground position in the western bloc of the project area to focus on the “highly prospective” eastern bloc area around the former Pride Mine.
This means the company will hold 2996 acres under unpatented claims as it continues geological work in 2023.
EVR has also opted to change the name of its project to the New Pride project in recognition of the zone surrounding the old 1950s mine site.
Further, EVR has made the call to scrap the potential purchase of six new claims covering 124 acres in the project area. The company secured the option to buy mining claims in January 2022, but following assays from sampling work completed last year, it will not exercise this option.
EVR shares were down 6.25 per cent and trading at 1.5 cents at 3:46 pm AEDT