White Rock Minerals Ltd (ASX:WRM) and Thomson Resources Execute Agreement on Mt Carrington
Thomson & White Rock Execute Agreement on Mt CarringtonBallarat, May 3, 2021 AEST (ABN Newswire) - Thomson Resources Ltd (
ASX:TMZ) and White Rock Minerals Ltd (
OTCMKTS:WRMCF) are pleased to advise that following completion of due diligence that both parties have now entered into a definitive agreement for a 3 stage earn-in and option to joint venture agreement ("Joint Venture Agreement"). With the definitive agreement executed Thomson can now proceed to earn up to 70% of White Rock's Mt Carrington gold - silver project ("Project") and, at Thomson's election, to form a Joint Venture to then fund on a pro-rata basis, mine development and further exploration of the very prospective Mt Carrington leases for epithermal gold - silver (base metal) mineralisation and conceptual large copper - gold targets (see end of this Release for transaction details).