Post by
ArgentinaMiner on Nov 10, 2010 6:24pm
$6 Million
Not sure many realize SLTA has up too $6,000,000 for development of Eltorno!
Soltera Mining Secures Strategic Partner and Additional FundingA key hurdle for many cash-strapped junior mining companies is securing funding for exploration andproduction activities. Soltera Mining reported a major accomplishment this month with the announcement of$1.5 million in financing and a new strategic partnership. Soltera is partnering with Italian-owned GoldlakeGroup, which has agreed to provide $1.5 million in financing over the next 12 months and up to $6 million tosupport development of alluvial gold production at Soltera's El Torno property in Argentina and complete testwork on major gold targets.
Comment by
GenXman on Nov 10, 2010 11:34pm
Argentina thanks for the highlight ..Where did you see that Goldlake will provide up to 6 million? I only know from the filings that 1.5 million is committed in tranches and some have been paid early.