+ Energold Drilling Corp. - News Releases - New Joint Venture Agreement - Mon Jul 13, 2020

News Releases

 February 24, 1997
New Joint Venture Agreement

 Energold Mining Ltd. announces it has entered into an Agreement with Eldorado Gold Corporation for the joint exploration of a concession, currently under application, in the Dominican Republic. Under the Agreement, Eldorado will hold a 51% interest, pay Energold $2,000,000 and fund 100% of exploration costs to a positive feasibility study.

In the event of a production decision, Eldorado will provide 100% of the production financing, to be repaid with interest, and will grant Energold a bonus of US $5.00 per ounce of gold if reserves should exceed 2 million ounces.

The Agreement is subject to Board, Regulatory and any other approvals necessary.

You can view the Next News Releases item: Wed Mar 5, 1997, Majagual Copper Gold Project Initial Exploration Results

You can view the Previous News Releases item: Fri Jan 31, 1997, Results of the Gopher Diamond Drill Program

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