Dark Horse Executes Binding Term Sheets to Acquire Otago Gold Assets in New Zealand

1 min read | September 07, 2020 01:32 PM AEST | By Team Kalkine Media

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Dark Horse Resources Ltd (ASX:DHR) announced to have executed Binding Term Sheets to acquire interests in mineral permits in the gold-rich Central Otago region of New Zealand, subject to the regulatory approvals.

The move is in accordance with the second phase of the new Strategic Business Plan and involves

A Binding Term Sheet for a 75% interest in the Cap Burn Gold Project
A Binding Term Sheet for a 100% interest in the Rock and Pillar Prospecting Permit Application (PPA) around the Cap Burn project, Filly Burn PPA adjacent to the Macraes Mine, and the Raggedy Range PPA
Applied for Exploration Permit Application at Wild Dog Creek, adjacent to Macraes mining operations

DHR traded at $0.0030 a share at 12:29 PM AEST on 7 September 2020, with a market capitalisation of $12.11 million.

All financial information pertains to Australian currency unless stated otherwise.

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