A letter of intent was recently signed allowing Amax Gold (NYSE) the right to earn an interest in the Golden Summit project near Fairbanks, Alaska.
Freegold Recovery (VSE), which has been exploring the large property for the past several years, expects to conclude negotiations with Amax in the next 90 days. Further details will be released once a final agreement is in place.
The Golden Summit property is adjacent to Amax Gold’s advanced Fort Knox gold project.
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