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BRIEF-Revelo Resources Chilean unit creates JV co with Newmont Mining unit

Published 2016-05-17, 09:00 a/m
© Reuters.  BRIEF-Revelo Resources Chilean unit creates JV co with Newmont Mining unit
NEM
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May 17 (Reuters) - Revelo Resources:
* Revelo establishes company with JV partner in Chile for
Montezuma project
* Chilean subsidiary established a Chilean joint venture
company with subsidiary of Newmont Mining Corporation (NYSE:NEM)
* Says Newmont has indicated that it plans to start drill
testing of key anomalies on about 45,285 hectare Montezuma
project in Q3 2016
* JV is currently owned 51% by Newmont and 49% by Revelo,
but Newmont has elected to pursue a further 14% (to 65%) in JV
company

Source text for Eikon: ID:nMKWWK6LMa
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