TSX-V-listed UrbanGold Minerals and TSX-listed Argonaut Gold have entered into a formal joint venture (JV) for the Bullseye property located about 17 km south of the former producing Troilus gold/copper mine and 100 km north of Chibougamau, Quebec.
UrbanGold announced the signing of an option agreement to earn a 50% interest in Argonaut’s claims on September 13, 2019, by funding a $500 000 exploration programme and issuing 750 000 of its common shares to Argonaut. UrbanGold has now completed its earn-in.