Toronto-based junior Blue Emerald Resources (ber-v) has received final regulatory approval for its Oro de Murra mining concession in the Nueva Segovia district of northern Nicaragua.
To earn a 68.25% interest in the 6,400-ha concession, the company will pay privately held Archon Prospecting US$350,000 and 800,000 shares over three years.
Blue Emerald will also fulfil Archon’s obligations to privately held ADEL-NS, the concession’s original vendor, by paying it a further US$206,000 during the first year of the agreement and by keeping the concession in good standing.
In other news, Blue Emerald has issued 200,000 shares to privately held Silverstone Prospecting as partial payment for a diamond property in eastern California.
Also, Blue Emerald has terminated its option on the Moi Rana zinc-gold property in Norway, one of the company’s two projects in that country.
In Quebec, the firm has allowed to lapse 100 of its 160 joint-ventured claims in Souart, Capriquet and Urban twps.
Be the first to comment on "Blue Emerald gains nod for Nicaraguan project"