Midtier miner OceanaGold has signed an option agreement with prospect generator Mirasol Resources, under which it to acquire up to 75% of the project in five stages.
The definitive agreement requires multinational OceanaGold, with operations in New Zealand, Australia and the US, to make a first-year commitment of $1.25-million in exploration expenditures, complete 3 000 m of drilling, and make a $100 000 option payment to Mirasol on inking the accord.
