OVL - Preopen Alert
HIGHLIGHTS Newcrest and Oro Verde aim to define a multi-million ounce high grade epithermal gold deposit at Topacio through a Farm-In Agreement executed in November 2015 An intensive exploration program has now commenced that includes: Detailed geological mapping and sampling Airborne geophysics – magnetics and radiometrics Concession-wide 400m x 400m grid soil sampling program Newcrest must spend at least U$500,000 within the first 12 months (Stage 1 – Minimum Commitment) Ultimately, Newcrest may earn up to 75% by sole funding a total of US$7.9 (A$11.0) million Oro Verde will continue to manage the exploration program during the farm-in perio
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