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0.0¢ indochine mining limited

i maybe wrong, but i think all that is null and void.

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chainsaw

146 Posts.

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18/05/21

18:52

Post #: 53258564
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Originally posted by Pepper70: ↑

RTG announcement Dec 2019. Not sure where this ended up though.

RTG AGREES TO ACQUIRE THE PRIORITY EXPLORATION LICENCE APPLICATIONS FOR AN 80% STAKE IN THE 2.1M OZ MT KARE GOLD PROJECT
ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE
10 DECEMBER 2019
RTG Mining Inc. (ASX:RTG, TSX:RTG, OTCQB:RTGGF) (“RTG” or “the Company”) is pleased to announce that it has entered into binding Memorandum of Agreement (“MOA”) with the two priority applicants for the Mt Kare Gold Project located in the Enga Province of Papua New Guinea (“PNG”) to acquire a majority 80% stake in the project if and when successful in securing the new exploration licence. The two vendors are GMG Global Mining Group Limited (“GMG”) and Tribune Mt. Kare Limited (“Tribune”).
Mt Kare has a Historical Mineral Resource (JORC 2004) of 2.1 million ounces, which includes Measured Mineral Resources of 1.2 million ounces of gold and Indicated and Inferred Mineral Resources of 0.9 million ounces of gold (see next section for details of resource).
The deal terms equate to a purchase price of approximately US$8.80/ ounce of gold in total Historical Mineral Resource with an additional payment of US$2.40/ ounce of gold (in

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i maybe wrong, but i think all that is null and void.

IDC Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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