Post by
Doozer on Jan 08, 2021 9:19am
Viscount and Centerra
This came out a couple of days ago. A good risk-reward move here by Centerra for Viscount's Cherry Creek property in Nevada. CG can take a 70% stake in a JV with Viscount by front ending $8mil in exploration spending and 250k in payments. To make sure the exploiration work happens in a timely manner Viscount made sure that this work needs to be done within the next 4 years. Suspect Centerra will provide guidance on a more agressive timeline to carry this out work.
Not a big splash, but a good move.
Viscount Mining Grants Centerra Gold Inc. a 4 Year Option to Earn a 70% Interest in the Cherry Creek Nevada Project - Junior Mining Network
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