Tuesday, March 12, 2013 3:03:51 AM
BCGold Inks a Deal to Expand its Mine and Increase Production
Kevin Michael Grace
March 7, 2013 - BCGold Corp V.BCG announced March 3 a letter of intent with Solid Holdings Ltd to finance and construct a minimum 30-tonne-per-day turnkey mine, mill and gold-refining operation at BCGold’s historic Engineer Mine located 32 kilometres west of Atlin, BC. Solid is required to produce a minimum of 10,000 gold ounces within three years, with 15% to BCGold’s credit on a gross-sale basis. Solid will provide all infrastructural, engineering, procurement, design, civil works and other administrative expenses associated with the Engineer Mine. Upon completion of these provisions, Solid may elect to acquire a 50% interest in the Engineer Mine by way of a joint-venture agreement.
President/CEO Brian Fowler spoke to Kevin Michael Grace March 5; read the interview here. http://resourceswire.com/2013/03/engineering-cashflow/
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