Trigg Minerals (ASX:TMG) executed a purchase agreement to acquire 49 unpatented lode mining claims covering the Antimony Canyon project in Utah, according to a Monday Australian bourse filing.'

It will acquire the claims via the acquisition of 100% of the shares in Monomatapa Investments a wholly-owned unit of EV Resources (ASX:EVR), for a cash consideration of AU$225,000, payable at the date of execution of the agreement, as well as consideration shares in Trigg worth another AU$225,000 to be issued at completion.

Another AU$450,000 in either cash or fully-paid ordinary shares in Trigg, subject to shareholder approval, will be payable on the announcement of a resource for the project within four years of completion.

Completion is expected to occur 20 business days after execution of the agreement.

The claims provide the firm with immediate exploration access, and it plans to move to validate the previous estimates and support the promotion of a mineral resource estimate.

Its shares rose 3% in recent trading on Monday.