10:04 AM EST - Timmins Gold Corp. : said it signed an option agreement to acquire a 100% interest in the 703-hectare Picacho property near its San Francisco gold mine in Northern Sonora, Mexico. The company also staked an additional 6,500 hectares encompassing the claims along the principal trend of the mineralization. According to the terms of the agreement, to exercise the option the company has to pay a total of US$1.5 million over a four-year period. Timmins Gold Corp.
shares V.TMM are trading unchanged at $0.80.
