Proyecto Famatina
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Osisko Mining Corp. And Energia y Minerales Sociedad Del Estado Signs Agreement For Development Of Famatina Project In Argentina
9:36am EDT
Osisko Mining Corp. and Energia y Minerales Sociedad Del Estado (EMSE) announced that they have entered into a binding agreement regarding the development of the Famatina gold project (Famatina or Project) in La Rioja Province, Argentina. The Famatina project area covers a 40 square kilometre zone hosting various gold-enriched epithermal and porphyry targets.Terms of the agreement include: $500,000 cash payment to EMSE within 15 days of signing the agreement; a first-year $10 Million commitment in exploration expenditures during the initial four years term of the Agreement; Osisko may earn a 70% interest in the Project by completing a feasibility study within the Initial Term, as said Initial Term may be extended at Osisko's discretion for an additional term of four years if required to complete said feasibility study; Osisko commits to financing 100% of the Project's development and construction costs, with repayment of EMSE's portion from 25% of its attributable project cash flows; EMSE will be responsible for gaining all required permits throughout the life of the Project. Full Article
El Famatina No se Toca
Si a la vida, no a la Mina a cielo abierto.
Si a la vida, no a la Mina a cielo abierto.
----- Mensaje reenviado -----
De: lucia avila
Para:
Enviado: miércoles, 31 de agosto de 2011 10:09
Asunto: FW: beder entrega el famatinas
De: lucia avila
Para:
Enviado: miércoles, 31 de agosto de 2011 10:09
Asunto: FW: beder entrega el famatinas
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