The Conversation (0)
Ashburton Ventures (TSXV:ABR,FWB:ARB) reported that it has signed a letter of intent with Premier Gold Mines Limited to option the Golden Edge property, located 50 kilometers (31 miles) east of Winnemucca, Nevada.
As quoted in the press release:
Subject to approval, Ashburton will have the right to purchase a 50% interest in the project and to establish a 50%-50% joint venture agreement between the Company and Premier through payment of $20,000 upon signing of the agreement, with additional payments and exploration totalling $3.13 million by the end of year three of the agreement. Ashburton shall have up to 60 days from the date of signing the LOI to perform due diligence on the property.
Premier and Ashburton have also entered into discussions regarding additional opportunities to work together in advancing certain prospective Premier projects and assessing additional opportunities that could be beneficial to both companies.
Click here to read the Ashburton (TSXV:ABR,FWB:ARB) press release
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