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Crestview Exploration ( (TSE:GRUN) ) has shared an update.
Gold Runner Exploration Inc. has finalized a joint venture agreement with Surface Metals Inc., receiving the final payment for the Cimarron gold project sale. This agreement allows Surface Metals to acquire a 90% interest in the Cimarron project, while Gold Runner retains a 10% carried interest and a 2.5% net smelter royalty. The Cimarron project, located in Nye County, Nevada, is a historically significant gold site with a potential shallow oxide gold resource. This strategic move enhances Gold Runner’s position in the mining sector, while Surface Metals expands its portfolio in precious and battery metals.
More about Crestview Exploration
Gold Runner Exploration Inc. is an experienced exploration company focused on the exploration and development of mineral resources. The company operates in the mining industry, with a particular focus on gold exploration projects.
Average Trading Volume: 16,447
Technical Sentiment Signal: Sell
Current Market Cap: C$810.7K
Learn more about GRUN stock on TipRanks’ Stock Analysis page.