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Eurasian Minerals Inc. (TSXV:EMX,NYSEMKT:EMXX) announced that via Bronco Creek Exploration Inc., its subsidiary, it has entered into three exploration and earn-in agreements with Savant Explorations Ltd. (TSXV:SVT) for the Jasper Canyon, Buckhorn Creek and Frazier Creek porphyry copper projects. Jasper and Buckhorn are located in Arizona, while Frazier is in Nevada.
Eurasian Minerals Inc. (TSXV:EMX,NYSEMKT:EMXX) announced that via Bronco Creek Exploration Inc., its subsidiary, it has entered into three exploration and earn-in agreements with Savant Explorations Ltd. (TSXV:SVT) for the Jasper Canyon, Buckhorn Creek and Frazier Creek porphyry copper projects. Jasper and Buckhorn are located in Arizona, while Frazier is in Nevada.
As quoted in the press release:
Each of the Projects – Jasper Canyon, Buckhorn Creek and Frazier Creek – is covered by a separate exploration and earn-in agreement. Pursuant to each Project earn-in agreement, Savant can earn an initial 60% interest in the Project by completing a total of $2,070,000 (all dollar amounts in USD) in work expenditures, delivering 800,000 shares of Savant, reimbursing EMX’s 2013-2014 property holding costs, and paying a total of $342,500 in several tranches over a five year period. In addition, for each Project, upon completion of an NI 43-101 compliant preliminary economic assessment (“PEA”), Savant will make an additional payment to EMX of $75,000.
Click here to read the full Eurasian Minerals Inc. (TSXV:EMX,NYSEMKT:EMXX) press release.
