Unigold Inc. Provides Update on Exploration Earn-in Agreement with Barrick Gold Corporation on the Neita Norte Concession, Dominican Republic [Yahoo! Finance]
Barrick Gold Corporation (BC) (GOLD)
Last barrick gold corporation (bc) earnings: 2/12 07:00 am
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Source: Yahoo! Finance
the "Company") announces the execution of a long-form agreement (the "Agreement") with Barrick Gold Corporation ("Barrick") that details the terms under which Barrick can earn into the Neita Norte Exploration Concession in the Dominican Republic and which includes a shareholders agreement to govern the joint venture which will be formed upon successful completion of earn-in requirements for exploration, development and mining in the area. Work is anticipated to commence immediately. Joe Hamilton, Chairman and CEO of Unigold commented, "We are excited for Barrick to initiate exploration in the Neita Norte area. We have always viewed the western portion of the Tireo Formation as being the most prospective for finding large gold deposits in the Dominican Republic. We are delighted to partner with the foremost gold producer in the industry in order to further the exploration efforts in this area. Barrick brings considerable technical and financial capability to the project and has one
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