31 Jan 2012farm in farm out agreement▲ GoodMajor
North Springs Resources signed an earn-in agreement with Discovery Gold Ghana Limited to acquire up to a 10%+ working interest in a Ghanaian gold concession for up to $1,250,000 in staged payments.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Dec 2011farm in farm out agreement▲ GoodMajor
North Springs Resources entered a joint venture with DNP Mining LLLP on the Gold Star and One Arm Joe gold properties in Yavapai County, Arizona, earning a 20% working interest for $500,000 of Phase 1 funding (with a path to 35% for $3,000,000 more in Phase 2 funding).