https://www.engineeringnews.co.za

TomaGold and Iamgold revise Quebec properties earn-in agreement

31st October 2014

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

Font size: - +

TORONTO (miningweekly.com) – TSX-V-listed TomaGold and TSX-listed Iamgold have revised the terms of their agreement dated November 12, 2013, through which Iamgold would have acquired a 50% interest in each of the Monster Lake, Winchester and Lac-a-l'Eau-Jaune properties, in Quebec.

As a result of different factors, including unusually heavy fall rains, which significantly restricted access to areas of the Monster Lake property and delayed Iamgold’s drilling programme, Iamgold and TomaGold reported on Friday that they had agreed to extend the exploration commitments in the agreement from November 12 to May 1.

As a result of the change in the exploration commitments for the agreement period, Iamgold would spend $3-million on exploration by the revised date instead of $2-million. Iamgold also advanced the cash payment date and paid TomaGold $170 000.

To watch Creamer Media's latest video reports, click here
 

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Axiom Hydraulics
Axiom Hydraulics

Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...

VISIT SHOWROOM 
Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.066 1.06s - 140pq - 2rq
Subscribe Now