June 13, 2017 / 5:11 PM / a month ago

BRIEF-Millrock acquires option on La Navidad gold project

1 Min Read

June 13 (Reuters) - Millrock Resources Inc

* Millrock acquires option on La Navidad gold project and makes joint venture agreement with Centerra Gold, Sonora State, Mexico

* Simultaneously with purchase agreement, Millrock has entered an option to joint venture agreement with Centerra Gold Inc

* Centerra will fund initial exploration on project

* Has entered an option agreement to purchase La Navidad Gold Project from a private mexico firm, Western Mining S.A. De C.V

* A final option payment of US$2 million could be made to complete purchase of mineral rights

* To complete purchase of 100% interest in La Navidad, $2.5 million in option payments to Western Mining S.A. De C.V to be made over 4-year period Source text for Eikon: Further company coverage:

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