Tuesday, 19th October 2004 (2780 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.

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.

StrataGold needs to meet all conditions and make all payments by February 14 next year.

The properties are situated near Mayo in Yukon, Canada and are next to StrataGold's Aurex and Lynx properties.

It is hoped the move will consolidate the company's land holdings in the area.

StrataGold is interested in gold and precious metals exploration and development within North and South America.

 

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