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    Estrella Gold Subsidiary Gallant Minerals in Agreement With Buenaventura Regarding Pucarana

    Investing News Network
    Mar. 10, 2014 11:14AM PST
    Gold Investing

    Estrella Gold Corporation (TSXV:EST) reported that its subsidiary, Gallant Minerals Peru Ltd. S.A., signed a Memorandum of Understanding with Compañía de Minas Buenaventura S.A.A. on the Pucarana property in Peru.

    Estrella Gold Corporation (TSXV:EST) reported that its subsidiary, Gallant Minerals Peru Ltd. S.A., signed a Memorandum of Understanding with Compañía de Minas Buenaventura S.A.A. on the Pucarana property in Peru.

    As quoted in the press release:

    Under the arrangements, Buenaventura will be in charge of planning, implementing and developing for the exploitation of the Pucarana property and Buenaventura will grant a 3% NSR royalty to the joint venture that will be then distributed as to 60% to Alamos Gold Inc., 36% to Estrella and 4% to Gallant Minerals Ltd. The parties expect the final agreement to be fully executed by mid May 2014.

    Click here to read the Estrella Gold Corporation (TSXV:EST) press release
    Click here to see the Estrella Gold Corporation (TSXV:EST) profile.

    tsxv:estestrella gold corporationjoint venturealamos gold
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