A legal dispute between Omega Gold (VSE) and Ecstall Mining (VSE) is threatening to stall work programs planned for a number of mineral properties in northwestern British Columbia.
Omega initiated the legal action in early June after Ecstall issued a news release stating that Omega “had elected not to contribute” to the 1991 exploration programs on six properties which were the subject of a joint venture agreement between the two companies.
One of the properties is also the subject of litigation between Ecstall and Akiko-Lori Gold (VSE), a company related by way of common management to Omega. No work can be conducted on the property until the lawsuit is resolved.
In a separate development, Akiko and several associated companies have been involved in negotiations with Gold Fields Canadian Mining for a possible agreement that would result in Gold Fields funding and operating work programs on the properties in return for an interest.
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