Auric Mining Company announced that it has signed a letter of intent to acquire Horseshoe Mines Property in Inyo County, Calif. The company said the 2,240 aggregate acre Horseshoe Mines Property includes 108 lode claims, which in 1990 included 28 patented and 80 unpatented claims, together with 8 five acre mill sites and approximately 155 acres fee land block. Located approximately 90 miles west of Las Vegas, Nev., in the Tecopa Mining District, in Inyo County, Calif., the property, operated by Anaconda Mining Company, has collectively produced 440,000 tons of ore averaging over 47,000 ounces of gold, 2.9 million ounces of silver, 115.7 million pounds of lead, and 54.5 million pounds of zinc.