Argent Minerals Limited (“Argent” or “Company”) today announced that it has earned a 51% interest in the Sunny Corner tenements.
Under the terms of the 8 June 2007 Farm In and Joint Venture Agreement between Argent and Golden Cross Resources Limited, Argent may earn a 51% interest in the Sunny Corner tenements by the expenditure of $500,000 before 1 June 2011 and a further 19% through the expenditure of an additional $168,000 by July 2013. As of 30 April 2011 Argent had spent $534,000 and thereby earned the 51% interest. Argent will continue to evaluate the potential for the tenements to support a viable project to produce base and precious metals.
For further information please download PDF below: