North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Royal Gold nears earn-in at Peak


Last updated 1/13/2018 at 4:18pm

Shane Lasley

Gold- and copper-rich skarn mineralization cut while drilling the Main Peak zone at the Tetlin property in 2012.

Contango ORE Inc. Nov. 10 reported that Royal Gold Inc. has invested US$28.7 million into the Peak Gold project in eastern Alaska, which nears the US$30 million required to earn a 40 percent joint venture interest in the project.

Once Royal Gold has earned its interest, Contango ORE will pay 60 percent of the expenditures at Peak Gold, formerly known as the Tetlin project, and Royal Gold will...

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