Deals this week: Mexus Gold, Pacific North West Capital, Australian Mines Limited
Mexus Gold US has reached an agreement to form a 50:50 joint venture (JV) with MarMar Holdings, for the development of the Julio / Santa Elena property located in Caborca, Mexico.
Under the terms of the agreement, the latter will operate the property and oversee the development costs.
Pacific North West Capital has announced that it has completed the acquisition of 100% interest in the Lithman West project located in southeast Manitoba, Canada. The project hosts seven mining claims covering a total area of 1,047ha (2,587 acres).
Australian Mines has reached an agreement with Jervois Mining, based on which the former will acquire a 51% interest in the Arunta West project located in Lake Mackay, Western Australia, Australia, from the latter.
Upon completion of the transaction, Australian Mines will become the operator and manage the project.