Dakota Gold Amends Its Richmond Hill Option Agreement With Barrick Gold
LEAD, SD - Dakota Gold Corp. has amended its binding option agreement with Lac Minerals ("LAC") and Homestake Mining Company of California (HMCC" or "Homestake"), both wholly owned subsidiaries of Barrick Gold Corporation, on the Richmond Hill Property in the Homestake District, South Dakota.
The amended option agreement extends the option period for another 18 months, giving the Company further optionality in its exploration at Richmond Hill. The inclusion of the additional 600 acres of mineral rights is consistent with the Company's continued consolidation in the Homestake District. Furthermore, the addition of these acres gives the Company access to potential drill targets identified in the Company's West Corridor Project, particularly those identified south of Richmond Hill area. Under terms of the agreement, the Company will issue an additional 180,000 shares to Barrick. Other terms and obligation within the original option agreement will remain unchanged.
Jonathon Awde, President, CEO and Director, said, "We are very pleased that Barrick continues to work with us in advancing our broader Homestake District strategy. We look forward to their continued support and collaboration towards our success."