Gold exploration and mining company Ruby Creek Resources has completed the acquisition of Gold Standard Tanzania’s assets, which are located adjacent to its Gold Plateau project.
The combined total acquisition costs stood at $3m plus the assumption of $585,000 in debt.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataRuby Creek now owns 95% assets of a ten-year, 10km2 mining licence; two prospecting licences of 40km2 and 89km2; a regional environmental report on the combined 139km2 properties; and a mining camp.
In addition, the company gained 100% ownership of mining equipment including excavators, dump trucks, loaders, bulldozers and supply vehicles located on-site and in Dar es Salaam.