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Article: Burkina Faso : Volta signs earn-in agreement with ACC Resources on Volta's Bansie permit in Burkina Faso.
- Article from:
- TendersInfo
- Article date:
- October 31, 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
VTR Volta Resources Inc. announced today that it has signed an earn-in agreement with ACC Resources ("ACC"), a private company with a registered subsidiary in Burkina Faso, whereby ACC must spend a minimum of $350,000 over three years in order to earn a 100% interest in Volta's Bansie property, subject to a royalty. Volta has the option to choose a $0.65 per tonne royalty or a 2% NSR royalty upon any future production from the Bansie permit.
The Bansie property was the subject of an exploration program, carried out by Volta Resources in September of 2008. The Company found that there was continuity of gold mineralization along a ...