By: Henry Lazenby
Emerging gold producer Patriot Gold has issued an arbitration demand to joint-venture (JV) partner and optionee Northern Vertex Mining, citing unhappiness regarding the required scope and technical details of the bankable feasibility study (BFS) for Moss gold/silver project, located in Northwest Arizona.
Northern Vertex Mining has the right to earn a 70% interest in the project by completing an $8.5-million investment over five years and a bankable feasibility study. Subsequent to the earn-in, financing of the project would be on a proportional basis. →