Taruga Minerals Limited Stock Market Press Releases and Company Profile
loading.........
 

Sydney, Sep 20, 2015 AEST (ABN Newswire) - Taruga Gold Limited (googlechartASX:TAR) MD Bernard Aylward Talks about the signing of a Non-Binding Heads of Agreement with top-tier gold producer, Newcrest Mining Limited (googlechartASX:NCM).

The culmination of significant alliances with major institutions and gold producers over the last six months demonstrates the attractive nature of the company and its activities in Africa.

Highlights:

- Taruga and Newcrest execute non-binding heads of agreement for a proposed farm-in and joint venture over Taruga's Dabakala concession

- Newcrest to spend up to US$1.7 Million to earn 75% of proposed joint venture within 3 years from commencement, including a minimum US$750,000 exploration spend before withdrawal

- US$100,000 cash payment to Taruga upon execution of documentation

- Newcrest concessions adjacent to Dabakala and exploration programs will target high priority mineralised trends

- Strong Geochemical anomalies defined by Taruga sampling within the Dabakala concession

- If the Newcrest transaction proceeds, Taruga will have concluded two strategic Joint Venture arrangements in 2015 with major gold companies

To view the video, please visit:
http://www.abnnewswire.net/press/en/80962/taruga

Contact

Taruga Gold Ltd
T: +61-8-9486-4036
F: +61-8-9486-4799
E: admin@tarugagold.com.au
WWW: www.tarugagold.com.au


ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 21) (Last 30 Days: 84) (Since Published: 20929) 

Research Report