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Colorado, Damara nix option deal over Kinaskan-Castle copper-gold project

Colorado Resources Ltd. and Damara Gold Corp. mutually agreed to terminate the letter agreement over the Kinaskan-Castle copper-gold project in British Columbia.

Under the deal signed in November, Colorado granted Damara an option to fully acquire the Kinaskan-Castle project.

In a Dec. 15 release, the companies did not specify any reason for terminating the agreement.