Estrella Gold Subsidiary Gallant Minerals in Agreement With Buenaventura Regarding Pucarana

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.