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Article: Canada : DJ Antofagasta Signs Exploration Pact With Sunridge Gold Corp.
- Article from:
- TendersInfo
- Article date:
- October 28, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
Antofagasta PLC (ANTO.LN), a mining company, announced Monday, as part its long-term strategy for growth, its mining division Antofagasta Minerals S.A. has entered into an exploration agreement with Sunridge Gold Corp (SGCNF) on Sep. 29.
-Under this agreement Antofagasta Minerals can earn an initial 60% interest in Sunridge's Asmara project in Eritrea by funding $10 million of exploration work over a 5-year period, and a further 15% interest ...