Gordon Mining acquires Tungsten Tail project in New Mexico
The project area has a documented history of small-scale tungsten production, with historical scheelite shipments recorded in 1942 and 1955.
Gordon Mining Group completed its acquisition of the Tungsten Tail project, a 41-claim property in Sierra County, New Mexico, on Monday. The company paid C$125,000 ($89,000) in cash and issued 1.5 million common shares to Strata Mine Technologies. TT Minerals LLC, an arm's-length vendor, is now a wholly-owned subsidiary of Gordon Mining.
The project has a history of small-scale tungsten production, with shipments recorded in 1942 and 1955. Gordon Mining will use AI-assisted targeting, historical records, USGS geochemistry, and new surveys to define drill targets. The company's stock rose 3% in Toronto following the acquisition, and its market capitalization stands at $4.1 million.
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