Taviche

Fortuna Silver Mines Enters into Option Agreement for Taviche Project, Mexico

Retrieved on: 
Friday, January 8, 2021
Taviche, Die Musik in Geschichte und Gegenwart, Encyclopedias, Option

Details with respect to this option agreement were announced by MGG on January 7, 2021.

Key Points: 
  • Details with respect to this option agreement were announced by MGG on January 7, 2021.
  • Gold79 retains a 20% free-carried interest in the Taviche project under the terms of the Company's agreements with MGG.
  • MGG holds an exclusive option to acquire this 20% interest for a purchase price of CDN$1,000,000.
  • Gary Thompson, President, CEO and Chairman of Gold79, stated,"We are pleased that the Taviche silver project has been placed in strong hands with Fortuna as operator.

Minaurum Announces Option with Fortuna Silver

Retrieved on: 
Thursday, January 7, 2021
Taviche, Minaurum Gold, CMC, Fortuna Silver Mines, Companies, Mining

Vancouver, British Columbia--(Newsfile Corp. - January 7, 2021) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) ("Minaurum") is pleased to announce that Minaurum and its wholly-owned subsidiary Minera Minaurum Gold, S.A. de C.V ("MGG"), along with Fortuna Silver Mines Inc. (NYSE: FSM) ("Fortuna") and Fortuna's wholly-owned subsidiary Compania Minera Cuzcatlan S.A. de C.V. ("CMC"), have entered into an option agreement, pursuant to which CMC can earn up to an 80% interest in MGG's Taviche silver project in Oaxaca, Mexico ("Taviche").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - January 7, 2021) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) ("Minaurum") is pleased to announce that Minaurum and its wholly-owned subsidiary Minera Minaurum Gold, S.A. de C.V ("MGG"), along with Fortuna Silver Mines Inc. (NYSE: FSM) ("Fortuna") and Fortuna's wholly-owned subsidiary Compania Minera Cuzcatlan S.A. de C.V. ("CMC"), have entered into an option agreement, pursuant to which CMC can earn up to an 80% interest in MGG's Taviche silver project in Oaxaca, Mexico ("Taviche").
  • Upon earning the Initial Interest, Fortuna can then earn an additional 20% interest for a total 80% interest in the project by funding Minaurum 's acquisition by way of option exercise of the remaining 20% interest.
  • "We are excited to be partnering with Fortuna at the Taviche Silver project," stated Darrell Rader, President and CEO of Minaurum.
  • Under the terms of the option agreement, CMC will act as the operator of the project however all budgets, activities and programs during the option period will be managed by a technical committee consisting of two representatives of Fortuna and one representative of Minaurum.