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MINERAL HILL ANNOUNCES JOINT VENTURE AGREEMENT ON LIBERTY HILL GOLD MINE, NEVADA COUNTY, CA, USA
MINERAL HILL ANNOUNCES JOINT VENTURE AGREEMENT ON LIBERTY HILL GOLD MINE, NEVADA COUNTY, CA, USA
About this update from Gold Strategy Inc.
[{"type":"text","content":"\n\n\n\n Oct. 12, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n >\n\n\nVANCOUVER, Oct. 12 /CNW/ - Mineral Hill Industries Ltd (the "Company' or "Mineral Hill") is pleased to announce that it has entered into agreements to acquire a 50% Joint Venture participation (the "JV") in the Liberty Hill Gold Mine owned by Mining and Energy International Corp. ("MEICO"), a private company registered in Denver, CO, USA. Mineral Hill completed its due diligence and negotiations based on a Letter of Intent, announced on June 28, 2010 by the Company. The Liberty Hill placer gold project encompasses the Lowell Hill and Liberty Hill properties, consisting of 127 mining Claims totaling approximately 2500 acres, located in southeastern Nevada County, California. The project is located in the historical Mother Lode area on the west side of the Sierra Nevada Mountains, approximately 3.5 miles northwest of the Dutch Flat Exit on Highway I-80.\nMineral Hill entered into a 50:50 Joint Venture agreement based on fulfilling certain conditions of an Earn-In-Agreement, under which the Company is required to raise $1 million towards the acquisition price of the project, and $1.5 million towards processing a previously stockpiled bulk sample of about 40,000 cubic yards (yds) of gravel and the preparation for processing of a further 1.4 million cubic yards of previously exposed material within the gold-bearing channel. MEICO has applied for a renewal of the exploration a...