Australian miner Newcrest has entered into an option and farm-in heads of agreement with Canadian junior Cornerstone Capital Resources, focusing on two early-stage projects in south-central Ecuador.
In terms of the agreement, a subsidiary of Newcrest has an option to earn up to a 75% interest in the Caña Brava and Tioloma properties, targeting epithermal gold/silver and porphyry gold/copper deposits.