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White Rock Minerals Ltd (ASX:WRM) Signs Term Sheet with Thomson Resources to Progress Mt Carrington Project
Signs Term Sheet with Thomson Resources to Progress Mt Carrington ProjectBallarat, Feb 23, 2021 AEST (ABN Newswire) - Thomson Resources Ltd (
ASX:TMZ) and White Rock Minerals Ltd (
OTCMKTS:WRMCF) are pleased to advise that they have entered into a binding and exclusive Term Sheet for a 3 stage earn-in and option to joint venture agreement ( Joint Venture Agreement ) whereby Thomson can earn in for up to 70% of White Rock s Mt Carrington gold - silver project ( Project ) and at Thomson s election to form a 70:30 (TMZ:WRM) Joint Venture.
The term sheet contemplates Thomson earning up to 70% of White Rock’s Mt Carrington project on the formation of a joint venture to develop and put the.