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BRIEF-Millrock acquires option on La Navidad gold project

Published 2017-06-13, 01:06 p/m
© Reuters.  BRIEF-Millrock acquires option on La Navidad gold project
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June 13 (Reuters) - Millrock Resources Inc MRO.V

* 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: ID:nCCN0xptja Further company coverage: MRO.V

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