Antler Gold (TSE:ANTL) has released an update.
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Antler Gold Inc. has struck a deal through its subsidiary, Antler Gold Namibia, to potentially sell 100% interest in its Erongo Central Gold Project in Namibia to Fortress Asset Management LLC, for a total of $5.5 million in cash, $6.0 million in exploration commitments, and a 2% net smelter return. The project, spanning approximately 195 square kilometers, has shown promising initial exploration results and is located near other significant gold projects. The agreement includes a structured three-year plan for Fortress to earn up to a full interest in the project.
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