Crown Gold Corporation (TSXV:CWM) enters into a Memorandum of Understanding with American Mining Corporation, Versatech Capital for Mining to provide processing at Crown’s flagship Monte Cristo property.
The press release is quoted as saying:
There are many advantages for such a facility and for the success of this MOU. Crown can now concentrate on Monte Cristo’s immediate underground development and further delineation of their resource without the necessity of onsite ore processing with its attendant capital and permitting requirements. With minor transportation costs and modest fees for processing, Monte Cristo can benefit from the positive effects of extraction accompanied by immediate processing at optimum recoveries.