Hidalgo Mining International Inc. is pleased to announce a joint-venture for the development of North Bay's Gold Hill Project.

Hidalgo Mining International Inc. is pleased to announce that it has signed a Letter of Intent with North Bay Resources Inc. to enter into a joint-venture for the development of North Bay's Gold Hill Project. Terms of the agreement will be announced once a formal contract has been executed.

The Gold Hill Project covers 5,887 acres near the village of Salmo in southeastern British Columbia. The property includes the former Gold Hill mine, and the area surrounding the Silver Dollar-Lucky Boy mines. The Gold Hill mine's past production averaged over 29.47 grams (0.95 ounces) per tonne gold and 54.11 grams (1.74 ounces) per tonne silver, while production figures from the Silver Dollar and the Lucky Boy workings averaged 9.39 grams per tonne gold and 335 grams (10.78 ounces) per tonne silver. read more..

Source: Hidalgo Mining International Inc.