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Gold79 Mines Ltd V.AUU

Alternate Symbol(s):  AUSVF

Gold79 Mines Ltd. is a Canada-based exploration stage junior mining company. The Company is focused on building ounces in the Southwest United States (U.S.). It is engaged in the identification, acquisition, evaluation and exploration of mineral properties in North America. The Company’s gold projects include the Jefferson Canyon Gold project and the Tip Top Gold project, both located in Nevada, U.S., and the Gold Chain project located in Arizona, U.S. In addition, the Company holds approximately 32.3% interest in the Greyhound Project, Nunavut, Canada under a joint venture by Agnico Eagle Mines Limited. The Tip Top Gold project is located in Esmeralda County, Nevada at the north end of the White Mountains, five miles south of Montgomery Pass, which is on United States Highway 6 between Bishop, California, and Tonopah, Nevada. The Gold Chain project consists of 15 patented claims, covering approximately 282 acres and 379 lode claims on BLM land comprising about 7,480 acres (3,027 Ha).


TSXV:AUU - Post by User

Bullboard Posts
Post by Hourglass11on May 09, 2013 1:16pm
67 Views
Post# 21360755

Update

Update

After listening to the conference call on Fortuna Silver mines yesterday, I sent an e-mail to Robert Boaz re the JV and the land sale and this is what he replied:

"To date we have had a disagreement with Pan Am as to when the $2 million is payable to our JV which would be $1.4 million to Aura. Aura thinks it is now, and Pam Am thinks it is when Fortuna takes on the remaining 45% of the sale agreement. They are trying to reach an amicable solution to this now.Jorge Ganoza - Fortuna CEO - stated in their conference call that he believed they would close the remainder of the sale before year end so that Fortuna could incorporate this new area into their mine plan asap. If that happens, then the money will be paid for sure this year.

They are also currently daeling with a number of larger mining players who may do a JV on East Taviche. Also talking to 2 Canadian companies looking to do a private placement related to Greyhound. Proceding slowly, but still proceding. Stay tuned." 

Best no news I have heard lately!

Hourglass11

 

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