Northcliff Earns Interest in Sisson Tungsten Project

Geodex Minerals Ltd. (TSXV:GXM,FWB:G2W) announced Northcliff Resources Ltd. (TSXV:NCF,TSX:NCF) earned 70% interest in the Sisson tungsten-molybdenum project.

As quoted in the press release:

Under the terms of the JVA, Northcliff was required to fund the lesser of (i) $17,000,000 in Sisson JV expenditures (less $580,000 in minority interest acquisition costs and $1 million in common shares subscribed for in Geodex), or (ii) the actual amount of expenditures incurred to produce a feasibility study report and to commence mine construction on the basis contemplated in the feasibility study report. Northcliff has now completed the requirement and secured the 70% interest.

Click here to read the Geodex Minerals Ltd. (TSXV:GXM) press release.