Greenwood Gold, a private British Columbia-based company, has signed a deal to earn a 51% interest in Gold City Resources’ (ASE) Midway gold project in south-central British Columbia.
Under the deal, Greenwood will fund a $102,000 drill program and pay Gold City a total of $50,000 in quarterly installments.
The deal also allows Gold City to option a 51% interest in Greenwood’s Burnt Basin gold project, located northeast of Rossland, B.C.
The Burnt Basin and Midway projects both are precious metal-enriched skarn prospects.
Drilling at Midway is expected to commence upon receipt of the necessary work permits.
Be the first to comment on "NEWS ROUNDUP — Gold City options western gold play"