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Eurasian Minerals Inc. (TSXV:EMX) announced that it has signed an agreement to regain 100% ownership of the Akarca property, Turkey. The Akarca property is a grassroots gold-silver project highlighted by six separate gold-silver mineralized centers.
As quoted in the press release:
Previously, EMX had signed an agreement with a subsidiary of Centerra Gold Inc. (“Centerra”), pursuant to which Centerra could earn up to a 70% interest in the Property under a joint venture arrangement. Earlier this year, Centerra earned an initial 50% interest in the Property as a result of investing over US $5 million in drilling, geological mapping, geochemical sampling, and geophysical surveys. In June, EMX entered into discussions with Centerra to regain control of the Property in return for relieving Centerra of certain exploration and payment obligations.
Click here to read the Eurasian Minerals Inc. (TSXV:EMX) press release
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