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Ashburton Ventures Incorporated.(TSXV:ABR) announced that Eurasian Minerals Inc. has agreed to grant Ashburton an option for the Richmond Mountain gold property.
Ashburton Ventures Incorporated.(TSXV:ABR) announced that Eurasian Minerals Inc. has agreed to grant Ashburton an option for the Richmond Mountain gold property.
As quoted in the press release:
Subject to execution of the formal agreement, Ashburton may earn an initial 70% of Richmond Mountain by paying $35,000 on signing, incurring five million dollars in exploration expenditures, issuing 3.4 million Ashburton shares over seven years and delivering a feasibility study together with additional cash and share payments (all dollar amounts in USD).
Ashburton, President, Michael England, said:
Richmond Mountain is the second gold property in Nevada that Ashburton has agreed to option from Eurasian Minerals, with Cathedral Well announced just weeks ago. Eurasian’s geologically-driven approach that emphasizes mapping, coupled with new conceptual models at the deposit scale, place both Cathedral Well and Richmond Mountain high on the list for significant new discoveries.
Click here to read the Ashburton Ventures Incorporated. (TSXV:ABR) press release
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