Estrella Enters LOI to Sell 75% of Gold-Silver Project

Estrella Gold Corporation (TSXV:EST) announced the signing of a Letter of Intent with regards to the 75% sale of its Peru-based Estrella gold-silver project.

As quoted in the press release:

The Terms of the Letter of Intent provides Mines Management with the exclusive right to establish an Option Agreement (until March 1, 2012) for the acquisition of a 75% interest in the property by expending $5 million in work expenditures, making payments to Estrella, and completing a preliminary economic analysis (PEA) on a defined resource within 4 years.

Click here for the Estrella Gold Corporation (TSXV:EST) press release.