NEWS ROUNDUP — Sikaman, LAG join forces

Two juniors — Sikaman Gold Resources (TSE) and Latin American Gold (VSE) — have agreed to collaborate in an effort to secure, evaluate and, if appropriate, develop several properties in Argentina.

Latin American Gold (LAG) will extend to Sikaman a 1-year, US$150,000 loan. In consideration, Sikaman will assist LAG in acquiring Argentine properties, focusing on disseminated, epithermal gold targets. Sikaman will be entitled to a 50% back-in interest on all rights acquired by LAG for a price equal to 50% of LAG’s costs.

Sikaman also agreed to sell LAG its rights to a recently acquired property in Rio Negro, Argentina, for US$150,000. Sikaman will retain a 12-month option to repurchase a half interest for $75,000 and half of LAG’s development expenditures. The property hosts alluvial gold deposits and the bedrock source is thought to be nearby. LAG will explore for this bedrock prospect.