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Taiga Forms Joint-Venture with SSR Mining, Receives CDN $3,000,000 Cash Payment for Fisher Gold Project, Saskatchewan saltlakecitysun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saltlakecitysun.com Daily Mail and Mail on Sunday newspapers.
(2) CRANBROOK, BC / ACCESSWIRE / January 5, 2021 / Taiga Gold Corp. (CSE:TGC) ( Taiga ) has received an earn-in notice from partner SSR Mining Inc. ( SSR Mining ) (SSRM) (SSRM) that it has satisfied its commitments and has exercised the second option earn-in for an 80% aggregate interest in the Fisher Project (the Fisher Property or the Property ) pursuant to the Option Agreement (the Agreement ). In accordance with the Agreement, SSR Mining has recently made a cash payment of CDN$3,000,000 to Taiga, completed over CDN$4,000,000 in exploration expenditures, reimbursed CDN$400,000 for initial exploration work and previously made an additional CDN$400,000 in cash payments to Taiga and predecessor Eagle Plains Resources Ltd. (TSX-V: EPL ) ( Eagle Plains ) (for total payments to Taiga/Eagle Plains of CDN $3,800,000). A joint venture comprised of SSR Mining (80%) and Taiga (20%) has now been formed (the Fisher JV ). Taiga retains a 2.5% net smelter return ( NSR ) on the m ....