ActivEX finds backing for Ravenswood gold project
ActivEX has entered a new partnership to advance its Ravenswood gold project, covering five tenements in the Charters Towers minerals province.
The company has finalised a joint venture and farm-in agreement with unlisted company Ballymore Gold, which would see Ballymore spending up to $2 million to assess and explore the land package.
In addition to earn-in rights under the agreement, Ballymore has the option at any time to acquire 100 per cent interest in the Ravenswood project for $5 million (cash and/or scrip).
In a statement to the market today. . .
You are unauthorized to view this page.