American Consolidated Closes Sierra Rosario Acquisition

American Consolidated Minerals (OTC Other: AMERF; TSX-V: AJC) has closed the transaction with Sparton Resources Inc. for the acquisition of Sparton’s 50% interest in the 500-hectare Sierra Rosario Property, located in the state of Sinaloa, Mexico. International Northair Mines Ltd (TSX VENTURE:INMNews) is the owner of the other 50% of Sierra Rosario and is the project operator.

According to Al Fabbro, President of American Consolidated, “We are excited about this acquisition as Sierra Rosario represents a drill-ready property with potential for bulk-tonnage mineable silver-gold deposits.  With our joint venture partner’s proven and successful exploration experience in Mexico, we are confident we will move this project forward with positive results for our shareholders.”

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