Miranda Gold has signed an agreement to form a joint venture with Ramelius Resources for its Angel Wing project in Nevada, US.
Under the terms of agreement Ramelius will initially fund $4m over a five-year period. It will then earn a 70% stake in the Angel Wing project by completing a positive feasibility study over a four-year period.
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The company will also provide $1m per year for exploration and development of the mine over the next ten years.
The Angel Wing project consists of 87 unpatented lode claims in north-east Elko County, Nevada.
