Centerra Gold Signs Option Deal Over Two Azimut Exploration Properties in Canada
MT Newswires Live
Oct 13
Centerra Gold (CGAU) unit signed a definitive option deal with Azimut Exploration, covering the latter's Corvet and Kaanaayaa properties in Quebec, Canada, according to a Tuesday statement.
The deal entitles Centerra to earn up to a 70% stake in the properties in two stages, after completing a preliminary economic assessment with a minimum mineral resource estimate of 1 million gold equivalent ounces, Azimut said.
Azimut also said the agreement remains subject to the TSX Venture Exchange's approval, among other closing conditions.
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