AngloGold maintains option for Nevada earn-in
TSX-V-listed Renaissance Gold, which has based is business model on joint ventures, has received a $200 0000 payment from gold major AngloGold Ashanti to maintain an option to earn into the Silicon gold project in the Bare Mountains of Nevada, US.
In its first year of exploration, AngloGold has completed detailed geologic mapping, a gridded soil chemistry programme and a six-hole core drilling programme on the project.
A follow-up drilling programme is planned for later this year.
Renaissance and AngloGold Ashanti North America entered into the option agreement in June last year. In terms of the agreement, AngloGold has to pay a total of $3-million for a 100% interest in the property, subject to Renaissance retaining a 1% net smelter return royalty on future production.
Located in the Bare Mountains mining district of the Nye county, the Silicon property comprises 277 unpatented mining claims, totalling about 2 308 ha. The project is located near TSX-V-listed junior Corvus Gold’s North Bullfrog and Mother Lode projects and also near TSX-V-listed Northern Empire Resources’ Sterling mine.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation