Molycor Completes Option Agreement on Griffon Gold Property

Molycor Gold Corp. (TSXV:MOR,OTC Pink:MLYFF,FWB:M1V) announced it has optioned its Nevada-based Griffon Gold property to Pilot Gold (TSX:PLG).

As quoted in the press release:

The option agreement signed by Molycor allows Pilot Gold to earn an initial 60% by paying Molycor a total of $US119,636 cash, issuing 120,000 of its common shares and incurring $US750,000 in exploration and development expenses over a four year period with the right to earn an additional 10% in the Griffon Property.

Click here for the Molycor Gold Corp. (TSXV:MOR) press release.