JOHANNESBURG (miningweekly.com) – Uranium explorer Marmota Energy has entered into an agreement with ASX-listed Ramelius Resources to develop a gold projects in the US.

Under the agreement, Marmota would have the right to earn 40% of any interest in any gold projects that Ramelius sources. The terms and timeframes of individual projects would be announced as they emerge.

“Gold mining is a major industry in Nevada and is one of the largest sources of gold in the world. Nevada currently produces 82% of all the gold mined in the US, with 5,7-million ounces mined in 2008,” Marmota said in a statement.

A number of major mining companies, including Newmont Mining and Barrick Gold operate gold projects in the State.

“Marmota believes that the agreement with Ramelius will offer its shareholders exposure to projects with high gold potential in a region of proven high grade, large tonnage mine capability. This is in line with Marmota’s corporate strategy of acquiring advanced projects or a known resource with significant expansion potential, located in established mining provinces.”

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