Short Term Trading Week Starting: 22 Feb, page-27

  1. 24,192 Posts.
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    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

    LAst traded 0.006
    MCap : 3.5m
 
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