Under the terms of the alliance, Pershimco will acquire a 20% interest in the Jolin gold property as it is added to its Courville gold project forming a joint venture (JV) in the new consolidated Courville gold project.
The mineral claims hosting the Jolin gold property sit contiguous to the north of the project land package.
In the JV, Pershimco will retain 80% interest in all its JV’s original claims as Abitex will acquire 20% interest on Pershimco’s land package.
Pershimco will manage and operate the Courville gold project being developed under the new JV with Abitex.
The JV’s final agreement with Abitex will be subject to final regulatory approvals.
