Erdene Enters Agreement to Acquire Tereg Uul CopperGold Porphyry Prospect
News Source : Financial Post
News Summary
- Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) is pleased to announce the execution of an option agreement to acquire an up to 80% ownership interest in the Tereg Uul copper-gold porphyry prospect
- The property is located approximately 10 kilometres southwest of the Oyu Tolgoi mine
- Exploration is expected to commence in late Q3
Upon signing the option agreement, Erdene will commit to invest US$300,000 in specified exploration expenditures within twelve months and make a payment of US$200,000 to the option grantor. On the fi [+3349 chars]
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