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Goldplat, Gulf Shore sign LOI for earn-in on Anumso gold project

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Goldplat, Gulf Shore sign LOI for earn-in on Anumso gold project

GoldplatPlc said July 14 that it has signed a non-binding letter of intentto give Gulf Shore Resources Ltd. a US$3 million earn-in option on theAnumso goldproject in Ghana.

The project is a 10-year renewable mining lease for gold andassociated minerals covering an area of 29 square kilometers and located in thehighly prospective Amansie East and Asante Akim South districts of the Ashantiregion.

It has a current JORC compliant resource of 166,865 ouncesof gold at 2.04 g/t.

Goldplat has 90% interest in the project.

The option, if exercised, will give Gulf Shore a earn-in to75% of Goldplat's interest in Anumso by spending US$3 million within 2.5 years.

Gulf Shore will be the operator.