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Jan. 10, 2012 09:52AM PST
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.
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.
