Lelantos signs LOI to acquire Arizona’s Little Giant Mine, aiming to verify resources, leverage historic data, and advance responsible development.
Lelantos Holdings, Inc., a diversified company engaged in renewable energy, industrial ventures, and high-value natural resource development, has announced that it has signed a Letter of Intent (LOI) to acquire the historic Little Giant Mine located in central Arizona’s Harcuvar Range. The property consists of approximately 100 acres of patented mining claims, and the signing of the LOI marks the initial step toward a full due-diligence process and the creation of a final binding agreement. This move signals Lelantos’ intention to strengthen its presence within the resource development sector by pursuing an asset backed by substantial historical exploration and proven mineral potential.
The Little Giant Mine is composed of five neighboring patented claims situated within the Gila and Salt River Baseline and Meridian, specifically in Township 9 North, Range 9 West, Section 32, and listed within the Date Creek Ranch SW USGS Quadrangle. Extensive historical studies and decades of geological work have confirmed the presence of significant gold, silver, and copper mineralization. Mapping indicates that the mineralized structures extend nearly one kilometer along the strike, with zones known to continue to depths of at least 250 feet. The site is recognized for containing native gold as well as copper-iron sulfide minerals that host additional gold values. Some of the vein systems measure up to five feet in thickness and display dips approaching 80 degrees. Past mining activity on the property revealed grades averaging approximately 0.342 ounces per ton of gold, similar values in silver, and copper grades surpassing 2 percent.
One of the property’s most valuable features is its fully permitted zero-discharge leaching facility with a capacity for processing 3,000 tons of material. This facility includes a 16,000-square-foot concrete pad with a triple-liner system, leak-detection wells, and an established operational history that includes production of about 400 ounces of ore. Such infrastructure significantly enhances the property’s development readiness and reduces future permitting risks.
Under the terms outlined in the LOI, Lelantos intends to acquire the Little Giant Mine through the issuance of 15 million restricted shares of Lelantos Holdings, Inc. Completion of the transaction is contingent on the successful conclusion of due diligence and agreement on a definitive contract. The document includes a 60-day exclusivity period during which Lelantos will have full access to the site, historical documentation, geological data, and any pertinent operational information. This period also aligns with the 60-day timeframe allotted for technical, environmental, and legal review.
The potential value of the mine is supported by notable third-party resource estimates. A 2005 assessment by Chickadee Mining Co. suggested that the site may contain roughly 3.6 million tons of mineralized material with approximately 175,000 ounces of recoverable gold. An independent 2007 geological analysis similarly identified more than 10,000 ounces of gold, comparable silver values, and roughly 600 tons of copper, with additional exploration potential across more than 1,600 feet of mineralized strike. Beyond precious and base metals, the mine area also produces decorative and industrial stone, creating additional revenue streams that diversify the asset’s commercial appeal.
Nathan Puente, CEO of Lelantos Holdings, expressed that the Little Giant Mine offers a rare opportunity to advance the company’s resource development strategy. He noted that the combination of historical production, robust geological indicators, and existing permitted infrastructure make the project a compelling fit for their long-term objectives. He emphasized that the LOI enables Lelantos to authenticate the resource base and accelerate its progress toward responsible and economically viable development. Lelantos will now proceed with detailed due diligence, which will include sampling programs, environmental reviews, title confirmation, and verification of historical exploration data, with a target of completing the final agreement within the designated exclusivity window.
