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Fortuna Silver Mines Enters into Option Agreement for Taviche Project, Mexico
Gold79 Mines Ltd. announces that Minaurum Gold Inc. and its wholly owned subsidiary, Minera Minaurum Gold SA de CV have entered into an option agreement with Fortuna Silver Mines Inc. and Fortuna’s wholly owned subsidiary, Compania Minera Cuzcatlan SA de CV pursuant to which CMC can earn up to an 80 percent interest in the Taviche silver project located in Oaxaca, Mexico.Details with respect to this option agreement …
Gold79 Mines Ltd. (TSXV: AUU) (“Gold79” or the “Company”) announces that Minaurum Gold Inc. and its wholly owned subsidiary, Minera Minaurum Gold SA de CV (“MGG”) have entered into an option agreement with Fortuna Silver Mines Inc. and Fortuna’s wholly owned subsidiary, Compania Minera Cuzcatlan SA de CV (“CMC”), pursuant to which CMC can earn up to an 80 percent interest in the Taviche silver project located in Oaxaca, Mexico.
Minaurum Gold Inc.: Minaurum Announces Option with Fortuna Silver
Vancouver, British Columbia (Newsfile Corp. - January 7, 2021) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) ( Minaurum ) is pleased to announce that Minaurum and its wholly-owned subsidiary Minera Minaurum Gold, S.A. de C.V ( MGG ), along with Fortuna Silver Mines Inc. (NYSE: FSM) ( Fortuna ) and Fortuna s wholly-owned subsidiary Compania Minera Cuzcatlan S.A. de C.V. ( CMC ), have entered into an option agreement, pursuant to which CMC can earn up to an 80% interest in MGG s Taviche silver project in Oaxaca, Mexico ( Taviche ).
Under the terms of the option agreement, CMC can initially earn a 60% interest (the Initial Interest ) in the project by making cash payments totaling US$450,000 and incurring US$4M in work expenditures over three years. Upon earning the Initial Interest, Fortuna can then earn an additional 20% interest for a total 80% interest in the project by funding Minaurum s acquisition by way