• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login

    Investing News NetworkYour trusted source for investing success

    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Silver Market
    Silver News
    Silver Stocks
    • Silver Market
    • Silver News
    • Silver Stocks

    Bravada Gold Corp. Enters Letter of Intent with Argonaut Gold Inc.

    Investing News Network
    Sep. 18, 2012 10:46AM PST
    Silver Investing
    argonaut gold inc.

    Bravada Gold Corporation(TSXV:BVA) announced that it has signed a Letter of Intent with Argonaut Gold Inc. The Letter of Intent outlines the continued exploration of Bravada’s Wind Mountain property. Argonaut committed to a $250,000 drill program under the terms of the letter.

    Bravada Gold Corporation(TSXV:BVA) announced that it has signed a Letter of Intent with Argonaut Gold Inc. The Letter of Intent outlines the continued exploration of Bravada’s Wind Mountain property. Argonaut committed to a $250,000 drill program under the terms of the letter.

    As quoted in the press release:

    Under terms of the LOI, Argonaut can fund staged expenditures totalling US$7.5million over a three-year period to earn the option to purchase the project by paying Bravada a price of $30 per ounce of gold-equivalent contained within Measured and Indicated resource categories as determined by independent Qualified Persons. The purchase price will be paid 50% in cash and 50% in shares in Argonaut. Bravada would also retain a one percent net smelter return royalty for any production from the property in excess of the purchased ounces.

    Bravada, President, Joe Kizis, announced :

    Argonaut is a highly respected and well funded mine operator with two active mines in Mexico and a third nearing production. They produced 72,000 ounces of gold in 2011 and are projecting to produce 88,000-97,000 ounces of gold during 2012. Their experience in open-pit mining and heap leaching of disseminated gold in Mexico should be directly applicable to Wind Mountain and we are pleased to work with them to advance Wind Mountain as their first project outside of Mexico.

    Click here to read the Bravada Gold Corporation (TSXV:BVA) press release

    See this press release on Marketwire
    Click here to see the Bravada Gold Corporation (TSXV:BVA) profile

    gold in mexicowind mountainbravada gold corporationtsxv:bva
    The Conversation (0)
    Go Deeper
    AI Powered
    Vanstar Signs LOI with IAMGOLD to Acquire the Calder Bousquet Property and Provides Update on Nelligan Project

    Vanstar Signs LOI with IAMGOLD to Acquire the Calder Bousquet Property and Provides Update on Nelligan Project

    Tres-Or Amends and Restates the Option on It's Fontana Gold Project in Québec

    Tres-Or Amends and Restates the Option on It's Fontana Gold Project in Québec

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×