Media ReleasesCommissioners Gold

View All Commissioners Gold News

Commissioners Gold Ltd, 1st Payment Received

Commissioners Gold Limited (ASX:CGU) is pleased to confirm payment received by the Company in relation to the alignment of mining and treatment projects in southern Peru (see Operations Update 24/07/2013).

Pursuant to the agreement, project partner SC Investments No 1 has transferred US $35,000 to CGU’s bank account, being the initial tranche.

This is the first of four scheduled payments to be met on agreed production milestones at operations in southern Peru.

The timetable for subsequent payments to CGU is as follows:

-  US$35,000 once production reaches 20 tonnes/day at an average grade above 8g/t Au
-  US$30,000 once production reaches 30 tonnes/day at an average grade above 8g/t Au
-  US$20,000 once production reaches 50 tonnes/day at an average grade above 8g/t Au

For further information please download PDF below:

Download this document

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.