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Troymet terminates option on Wildcat gold project due to cash constraints

Troymet Exploration Corp. terminated an option deal with Renaissance Gold Inc. to acquire a 70% interest in the Wildcat gold project in Utah due to financial constraints.

The company intends to focus on advancing exploration at its Redhill copper and Golden Eagle gold projects in British Columbia, it said Feb. 22.

Troymet owns a 100% interest in Golden Eagle and holds an option to acquire Redhill from HomeGold Resources Ltd.