- Write by:
-
Thursday, December 3, 2020 - 1:42:37 PM
-
541 Visit
-
Print
Mining News Pro - The Solomon Islands Ministry of Mining granted Canada’s Sanatana Resources a letter of intent over the 188-square-kilometre Sutakiki mineral tenure, located on the Island of Guadalcanal in the southwestern Pacific.
The LOI allows Sanatana exclusive access to negotiate with local landholders both an initial due diligence visit and, should the property pass it, a surface access agreement. Once this surface access agreement has been negotiated, a prospecting license is issued, which gives the prospecting license holder an exclusive three-year term to prospect and explore the project.
In a press release, Sanatana said that Sutakiki is the subject of an agreement between the company and CNE, a private Australian firm, that outlines the terms for Sanatana to acquire the project and to enter into a joint venture with CNE, with CNE potentially providing up to A$14.5 million in funding to Sanatana in order to earn a 92.5% interest in the property.
Hosted on the Pacific Ring of Fire, Sutakiki is located directly south of the over four million-ounce Gold Ridge property, which is planned to open for gold production by Chinese-based interests in mid-2021.
Short Link:
https://www.miningnews.ir/En/News/609588
Canada’s corporate ethics watchdog on Tuesday said it was likely that human rights abuses had occurred at a mine in ...
Commodities usually rally when central banks cut interest rates, bolstering the case for going long raw materials in the ...
Awalé Resources (TSXV: ARIC) stock soared on Monday after the Newmont-backed gold explorer reported outstanding assay ...
French President Emmanuel Macron said on Monday the government is seeking to designate new regulated gold mining zones ...
Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential ...
Vista Gold has released an updated feasibility study for its Mt Todd gold project in Northern Territory, Australia, to ...
Gold production in Burkina Faso declined last year as deteriorating security conditions in the West African nation ...
Gold snapped nine days of record-breaking gains as underlying US inflation topped forecasts for a second month in ...
A Senegalese opposition coalition backed by popular firebrand Ousmane Sonko launched its presidential campaign platform ...
No comments have been posted yet ...