Canada’s DeepRock Minerals has announced it en-tered into a purchase agreement to secure a 100 percent interest in a prospective exploration property located in Romania’s Apuseni Mountains, about 5 km from its Zapozilor polymetallic gold project.
“This expansion will increase DeepRock’s land position in Romania from 764 hectares to 3,528 hectares,” DeepRock Minerals said in a statement. “This land package also represents a significant gain in resource exploration upside potential for DeepRock, with both prop-erties hosting significant reported gold-bearing mineral showings and historical underground workings with advanced development pro-jects.”
“After completing our restructuring 6 months ago, we have strategi-cally increased our land positions in 2 key areas, first in New Bruns-wick from 270 to 3,070 hectares, and now in Romania to over 3,500 hectares,” said Andrew Lee, the Canadian company’s chief execu-tive.
DeepRock Minerals says it is a mineral exploration company based in Vancouver. Its primary focus is on acquiring and developing ad-vanced stage exploration and development mining projects, accord-ing to data from the miner.