Sargent will walk away with a nice bonus if Lion Gold move to gain 100% ownership
How quick will Lion gold move to gain control
Sargent has been used as the gofer to allow Lion Gold to achieve its objective
IMO
LionGold Looking to Acquire More of Penny's Find Project
LionGold Corporation Limited is fast establishing itself in the global, as well as the Australian gold mining industry. It holds 7.5 million ounces of gold in resources around the world with 810,000 ounces regarded as being reserves. Since March, 2012, LionGold have obtained interests in eight gold exploration and gold mining companies. In Australia it has a 100 percent ownership of the Ballarat underground gold mine in the Castlemaine gold fields in Victoria that is currently in full production. It has also entered into an agreement to process all the gold mined at the A1 gold mine in Victoria at its Ballarat gold processing plant for the next tghree years with an option of a further three years. It is hoping to obtain 100 percent ownership of the Penny's find gold project in the near future. LionGold also has interests in the Citigold Corporation mining project in Queensland and well as Unity Mining operations in Tasmania and New South Wales.
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