Posted Monday, July 23, 2012 --- 7:50 a.m.
EASTON, Wis. (AP) -- A Canadian company is evaluating the feasibility of an open pit mine in eastern Marathon County where it has found traces of gold.
Aquila Resources Inc. has mineral rights on 600 acres in the town of Easton. The company has drilled 42 test holes and plans more exploratory drilling later this year.
The acreage includes forest land, farm fields and a few homes. Morris Dennee owns 10 acres in Easton. He has rejected Aquila's request to drill on his land, but he says he's not opposed to the idea of mining for gold.
Dennee tells the Wisconsin Rapids Tribune (http://wrtnews.co/NOAQfL ) he has a two-year agreement with Aquila that expires in 2014 that gives the company a chance to buy the property.
Information from: Daily Tribune, http://www.wisconsinrapidstribune.com
Copyright 2012 . The Associated Press.