New York-listed Asarco has signed an option agreement with Guyanor Resources S.A., a wholly owned subsidiary of Golden Star Resources (TSE).
Asarco will earn a half interest in Golden Star’s St. Elie gold concession in French Guiana by spending up to $10 million over five years. The money will finance exploration and development, including a feasibility study. Meanwhile, Guyanor has agreed to buy a 36.7% interest in the Yaou-Dorlin gold project from the French Guianese government. Upon obtaining regulatory approval, Guyanor will own the project outright.
Be the first to comment on "LAST BUT NOT LEAST — Golden Star affiliate in French Guiana"