GolfGear International and Mission Holdings sign JV agreement

2 October 2011 (Last Updated October 2nd, 2011 18:30)

GolfGear International has signed a joint venture (JV) agreement with Mission Holdings to place the Silver Cord mine into production.

GolfGear International has signed a joint venture (JV) agreement with Mission Holdings to place the Silver Cord mine into production.

Mission Holdings, which owns the Silver Cord mine in the US state of Arizona, has executed a mining production agreement with Western Sierra Mining to develop the mine and manage production.

GolfGear International will manage the processing of the silver and gold ores extracted from the Silver Cord mine, with the use of EnviroXtract's Ore-XT3 precious metals ore processing technology.

The company will also provide Mission Holdings and Western Sierra with finance to start the initial mining operations, along with the additional funding necessary for expansion.

Western Sierra Mining will provide its extensive mining expertise, labour, equipment and production management of the mine.