https://www.miningweekly.com
Exploration|Gold|Mining|PROJECT|System
Exploration|Gold|Mining|PROJECT|System
exploration|gold|mining|project|system

OceanaGold to earn into Nevada gold project

16th April 2019

By: Creamer Media Reporter

     

Font size: - +

Australia-based midtier miner OceanaGold has struck an earn-in deal in Nevada, in the US, with American Pacific Mining (APM), in terms of which it could hold a controlling interest in the Tuscarora project.

OceanaGold will earn a 51% stake by spending $4-million over the next four years, and will have an option to earn an additional 24% by investing $6-million over another four years.

OceanaGold will be the operator and, upon earning-in an interest, a joint venture (JV) management committee will be formed.

“This announcement adds excitement to the project and the company as we enter a new exploration season. OceanaGold is the perfect partner in our eyes, especially with the success they have had at Waihi in New Zealand—a similar high-grade epithermal system. For a company of our size, this transaction is a big milestone,” comments APM CEO Warwick Smith.

The agreement with APM is OceanaGold’s second Nevada JV announcement in as many months. In December, the company finalised an agreement to earn up to a 75% interest in TSX-V-listed Bravada Gold’s Highland gold/silver project along the Walker Lane Gold trend.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Latest News

ERG's Metalkol mine in the DRC
Kazakh miner ERG denies circumventing Congo subcontracting laws
Updated 2 hours 19 minutes ago By: Reuters

Showroom

SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.208 0.245s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: