Estrella Gold Corporation (TSXV:EST) regained 100% interest in the La Estrella property, after its joint venture partner, Mines Management Inc., terminated its option in 75% interest in the property on January 20, 2014.
As quoted in the press release:
…has retained 100% interest in its flagship property La Estrella Gold Project after its joint venture partner Mines Management Inc. (“Mines Management”) served its termination notice to option in 75% interest in the property on January 20, 2014.
Estrella Gold Corporation President and CEO, John R. Wilson, said:
Given the historical data and the amount of excellent work performed by Mines Management during its option period, the Company is excited to get the La Estrella Project back. The mineral system at La Estrella is quite large, and we feel that it has significant upside tonnage potential. Estrella will now actively move ahead on advancing the project and initially, we will focus on reviewing the data compiled by Mines Management over the past 2 years.