It appears that Mawson Gold is joint venturing their US projects so as to concentrate on Finland and Australia
http://mawsonresources.com/news/news-releases/2020/mawson-joint-ventures-western-usa-gold-projectKey Points
- Mawson has signed an LOI detailing investment terms whereby Aguila will invest US $ 1.2 million to earn up to an 80% interest in the WUSA Project. After the US$1.2M investment by Aguila, Mawson will hold a 20% non-dilutable position in the project, until a decision to mine, and will be free carried by loans from Aguila, repayable from production cash flows;
- Mawson will continue to focus on three globally significant precious-metal terrains (Finland and both the Victorian Goldfields and Mt Isa in Australia), while still maintaining exposure to the under-explored WUSA district-scale high and low sulphidation epithermal gold project.
Michael Hudson, CEO, states, "While Mawson continues to focus on our core gold projects in the Victorian Goldfields of Australia and Lapland in Finland, we have found a solid partner in Aguila to share in the upside of the WUSA gold project in Oregon. Shareholders can anticipate results from drill programs from four globally precious-metal terrains being Finland, the Victorian Goldfields, Mt Isa in Australia and now Oregon during the remainder of the 2020 year."
