Tarsis Resources Signs LOI for Almaden Minerals’ Mexico and Nevada Gold Properties
Tarsis Resources Ltd. (TSXV:TCC) signed a non-binding Letter of Intent to acquire a 100% interest in four gold/silver properties from Almaden Minerals Ltd (TSX:AMM,NYSE:AAU): two of the properties are located in Mexico, and two are located in Nevada. Under the Letter of Intent, Tarsis will acquire a 100% interest in the Yago, Gallo de Oro, Mezquites and San Pedro properties in Mexico, and the BP and BJS properties in Nevada for 4 million common shares and grant a 2% net smelter returns (NSR) royalty on any production from the projects.
