Tuffnell, www.tuffex.com – the Arizona-focused mineral exploration company pursuing a strategy which emphasizes the rigorous vetting of potential gold assets in order to identify low-cost, high-yield investments, reported the acquisition of an additional 12 mining claims at its Little Butte project today, bringing the total of unpatented claims to 85.
This brings the sum of holdings (including 7 patented claims) to 1,840 acres (2.88 sq miles), and ensures that any extension of the recently discovered high-grade gold/copper mineralization within approximately 5k feet to the northwest of the discovery drill hole (LB1010) will be recoverable by the Company alone.
The La Paz County, AZ-based Little Butte project is TUFF’s main site, and holds a projected 1M oz Au (based on extant data) located in the world-famous Walker Lane Gold Trend, which has produced an astounding 50M oz Au and 400M oz Ag to date.
The Company has assembled a deep bench of experienced team members and stands ready to achieve maximum profitability from existing and future resources.
CEO of TUFF, George Dory, expressed his great pleasure at the excellent work of the team, which he said has been out in the field working hard towards this most recent acquisition.
Dory explained that these most recent claims help to flesh out TUFF’s overall land position while locking down territory adjacent with, and in direct proximity to, the extremely promising find at drill hole LB1010.
Plans to undertake Phase II of the ongoing exploration program at Little Butte are underway, with an initial start date slated for fall 2010.
Let us hear your thoughts below: