American Pacific signs JV with OceanaGold

In its fourth joint-venture deal in Nevada over the last six months, OceanaGold (TSX: OGC; ASX: OGC) will invest US$4 million over the next four years to earn a 51% stake in American Pacific Mining’s (CSE: USGD; US-OTC: USGDF) Tuscarora gold project. OceanaGold’s other three joint ventures are with Bravada Gold (TSXV: BVA) on its Highland project in Nevada’s Walker Lake district, and with Renaissance Gold (TSXV: REN) at its Spring Peak project, also in Walker Lane, and its Fat Lizzard project, in the Quinn Canyon Range of Nye County. “Nearly 18 months ago our executive vice president of exploration, Craig Feebrey, set a strategy to target low-sulphidation epithermal projects in prolific gold districts such as Nevada and Argentina,” Sam Pazuki, OceanaGold’s VP, investor relations, tells The Northern Miner. “In Nevada, we found that most gold companies had been focused on the large, Carlin style mineralization and almost neglected other types of geologies.” The company saw that as an opportunity … Continue reading at The Northern Miner.