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Eurasian Minerals Inc. (TSXV:EMX) has invested US $3.04 million in InterGeo Resources LLC, a privately-held exploration company, as an early-stage investment opportunity in 2011.
Eurasian Minerals Inc. (TSXV:EMX) has invested US $3.04 million in InterGeo Resources LLC, a privately-held exploration company, as an early-stage investment opportunity in 2011.
As quoted in the press release:
EMX has invested US $3.04 million through four separate private financings, and is IGR’s largest shareholder with a 36% equity position on a fully-diluted basis. The Malmyzh exploration and mining licenses are held by a joint venture between IGR and Freeport McMoran Exploration Corporation (“Freeport” or “FMEC”), with IGR operating and managing the project. EMX believes Malmyzh is an exciting grassroots discovery that is rapidly developing into a belt-scale exploration play.
The joint venture is currently advancing the project towards initial resource definition, and designing an exploration program to: a) follow up on multiple zones of higher-grade copper-gold mineralization, b) expand the drill defined extent of the fourteen known centers of copper-gold mineralization, and c) conduct initial drill tests of additional target areas identified from geophysical and surface geochemical anomalies along the belt.
Click here to read the Eurasian Minerals Inc. (TSXV:EMX) press release
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