trending Market Intelligence /marketintelligence/en/news-insights/trending/XCLZYB_C-jbtqvRJgOEMDg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Erris Resources secures 80% option on gold-base metals project in Scotland

Industry Top Trends 2021: Metals and Mining

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020


Erris Resources secures 80% option on gold-base metals project in Scotland

Erris Resources PLC said Dec. 10 that it secured an option to acquire 80% of Greenore Gold PLC's gold- and base metals-prospective Loch Tay project in central Scotland.

Erris must define a minimum inferred resource of 250,000 ounces of gold within four years to own the 80% stake. GreenOre will hold the remaining 20%.

If either company's interest dilutes to less than 10%, the stake will be converted to a 2% net smelter return royalty, which Erris can halve for US$1 million.

Erris will operate and manage an exploration program on the 237-square-kilometer property containing the Ardtalnaig and Glen Almond targets.

The deal is subject to Erris' satisfactory due diligence no later than Jan. 18, 2020.