Two separate agreements have been reached by Monarch Resources (TSE) which allow the company to acquire interests in a Venezuelan property and Argentine properties.
Monarch signed a letter of intent with a subsidiary of Crown Resources (TSE) allowing it to earn a 51% operating interest in the Gualilan gold properties found in the San Juan province of Argentina.
In Venezuela, Monarch has entered into a purchase option agreement to acquire 100% of the shares in a company that owns the rights to the 12,000-hectare Tuna I concession. The concession is 15 km northeast of Monarch’s La Camorra gold mine in the Bolivar state of Venezuela.
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