The agreement provides the company with an option to earn a 100% interest in the gold property.
Gold Dynamics will be required to make cash payments of $435,000 over a two-year period and begin a work program that will also incorporate a diamond drill program.
The vendors will retain a 2% net smelter return interest (NSR) on the property, and Gold Dynamics can purchase 1% of the NSR for 700 ounces of gold or its equivalent in US dollars.
Gold Dynamics president Tie Ming Li said the Santiago Gold Property has great opportunities for exploration and production of gold which is currently high and increasing in demand on world markets.
