Centenera signs option agreement for Tres Cerros gold and silver properties Santa Cruz province, Argentina.
Centenera Mining (TSXV:CT,OTCQB:CTMIF) announces that pursuant to a previous news release dated September 5, 2018 (NR18-11), the company has signed three definitive option agreements whereby, subject to TSX Venture Exchange approval, Centenera will be granted the right to acquire up to a 100-percent interest in eight precious metals properties from an arm’s length party, Tres Cerros Exploraciones.
As stated in the press release:
The properties are all located within the highly prospective Deseado Massif in Santa Cruz province, Argentina, and together comprise more than 30,000 hectares. Under the terms of the option agreements, Centenera will be granted an exclusive option to acquire a 100-percent interest in the properties by way of staged cash and common share payments, subject to a net smelter returns royalty in favour of Tres Cerros.