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Tuesday, 19th October 2004 (3897 views)

US gold and precious metals firm StrataGold has announced it has entered into a new agreement with Sterlite Gold to purchase its share of the Dublin Gulch and Clear Creek advanced gold projects.<BR/><BR/>The deal is subject to underlying royalties and it is thought the firm will pay cash totalling $6 million and five million common shares of StrataGold.<BR/><BR/>StrataGold needs to meet all conditions and make all payments by February 14 next year.<BR/><BR/>The properties are situated near Mayo in Yukon, Canada and are next to StrataGold's Aurex and Lynx properties.<BR/><BR/>It is hoped the move will consolidate the company's land holdings in the area.<BR/> <BR/>StrataGold is interested in gold and precious metals exploration and development within North and South America.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=3652293"/>

 

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