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FINANCE VIDEO: Taruga Gold (ASX:TAR) MD Bernard Aylward Talks About the Newcrest (NCMGY) Deal
Sydney, Australia (ABN Newswire) - Taruga Gold Limited (ASX:TAR) MD Bernard Aylward Talks abo...
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[{"type":"text","content":"FINANCE VIDEO: Taruga Gold (ASX:TAR) MD Bernard Aylward Talks About the Newcrest (NCMGY) Deal\nSydney, Australia (ABN Newswire) - Taruga Gold Limited (ASX:TAR) MD Bernard Aylward Talks about the signing of a Non-Binding Heads of Agreement with top-tier gold producer, Newcrest Mining Limited (ASX:NCM).The culmination of significant alliances with major institutions and gold producers over the last six months demonstrates the attractive nature of the company and its activities in Africa.Highlights:- Taruga and Newcrest execute non-binding heads of agreement for a proposed farm-in and joint venture over Taruga's Dabakala concession- Newcrest to spend up to US$1.7 Million to earn 75% of proposed joint venture within 3 years from commencement, including a minimum US$750,000 exploration spend before withdrawal- US$100,000 cash payment to Taruga upon execution of documentation- Newcrest concessions adjacent to Dabakala and exploration programs will target high priority mineralised trends- Strong Geochemical anomalies defined by Taruga sampling within the Dabakala concession- If the Newcrest transaction proceeds, Taruga will have concluded two strategic Joint Venture arrangements in 2015 with major gold companiesTo view the video, please visit:http://www.abnnewswire.net/press/en/80962/taruga\nAbout Taruga Gold Ltd:Taruga Gold Limited (ASX:TAR) is a West African focused gold explorer that has compiled, and is currently compiling, a diverse portfolio of exploration projects within the Birimian geology of West Africa. This region is at present one of the world's great gold districts and has had a significant rate of discovery and development on new gold mines over past decades.\nSource:Taruga Gold Ltd\nContact:Taruga Gold Ltd\nT: +61-8-9486-4036\nF: +61-8-9486-4799\nE: [email protected]\nWWW: www.tarugagold.com.au\n\n \n ","length":2159,"tagName":"div"}]