Eckhof takes project from standing start to US$500 million takeover
In 2003, Mr Eckhof founded Moto Goldmines which acquired the Moto Gold Project in the Democratic Republic of Congo.
Moto delineated more than 20 million ounces of gold and delivered a feasibility study within four years from the commencement of exploration.
The project was subsequently acquired for circa US$500 million by Randgold Resources (LON:RRS) who poured first gold in September 2013.
Given this background, investors are likely to be encouraged by the fact that Eckhof has been retained by Blaze International under an option remuneration package.
He will receive 25,000,000 options in the company exercisable at $0.08 with an expiry date of March 1, 2019.
ARD Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
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