International Wayside Gold Mines (IWA-V) will buy, from partner Mosquito Consolidated Gold Mines (MSQ-V), the remaining half of the Cariboo Gold Quartz property that it does not already own.
As part of the deal, International Wayside will also aquire full interests in the Island Mountain and Mosquito Creek gold properties, also in British Columbia.
International Wayside will pay $10 million, with $100,000 due on signing. The balance will be paid in instalments. Cariboo Gold Quartz comprises 4,000 ha in the historic Wells-Barkerville area of central British Columbia.
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