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    Tarsis Acquires Properties in Nevada from Sandstorm Gold

    Investing News Network
    Jan. 27, 2015 11:51AM PST
    Company News

    Tarsis Resources Ltd. (TSXV:TCC) announced a binding agreement to acquire eight gold properties in Nevada from Sandstorm Gold Ltd. (TSX:SSL) for 1.5 million shares and grant a net smelter returns (NSR) royalty.

    Tarsis Resources Ltd. (TSXV:TCC) announced a binding agreement to acquire eight gold properties in Nevada from Sandstorm Gold Ltd. (TSX:SSL) for 1.5 million shares and grant a net smelter returns (NSR) royalty.

    As quoted in the press release:

    Details of the acquisition include:

    • Eight (8) gold properties acquired in Nevada
    • Primarily epithermal and Carlin style gold targets
    • Tarsis to pay 1.5 million shares and grant a net smelter returns (NSR) royalty
    • Tarsis will also grant Sandstorm a right of first refusal on any future metal streaming agreements on these properties

    … The acquired properties were originally held by Nevada Eagle Resources LLC (NER), a private company controlled by Mr. Jerry Baughman, a well-known and respected Nevada geologist. In 2007, NER was acquired by Gryphon Gold Corporation (Gryphon), a Canadian listed exploration company and in 2010, Fronteer Development Group Inc. (Fronteer) acquired NER from Gryphon.

    Tarsis President and CEO, Marc Blythe, said:

    We are very pleased to build on our property portfolio in Nevada through the addition of these high-quality properties. Little to no exploration has taken place for several years due to various corporate transactions involving these 8 projects. Our agreement with Sandstorm will focus on unlocking the value of these assets – Tarsis is focused on early-stage exploration. Our geological team is very keen to begin work on these properties.

    Click here to read the Tarsis Resources Ltd. (TSXV:TCC) press release
    Click here to see the Tarsis Resources Ltd. (TSXV:TCC) profile.

    tsxv:tcctsx:sslsandstorm goldtarsis resources
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