Posted in | Gold | Discoveries

Linux Gold Teams Up with Kenn Roberts to Produce Gold Using Placer Mining Technology

Linux Gold Corp., is pleased to announce that it has signed a teaming agreement with Kenn Roberts , of Marfa, Texas to produce gold from a unique placer mining technology.

Linux Gold Corp. has a 45 day option and agrees to pay US$1,000 for the teaming agreement. The teaming agreement is earned by Linux Gold Corp. funding the gold extraction technology for a cost of US$32,000.

Linux Gold will earn a dividend amount of 50% and Kenn Roberts will earn a 50% interest after funding is no longer required. In the initial stage, 20% of all gold recovered will be allocated to Linux Gold as to 10% and Kenn Roberts as to 10%, until the operational funding is no longer required. The parties will then revert to a 50% net profit for Linux Gold Corp. and 50% to Kenn Roberts .

Linux Gold Corp. plans to use this placer process initially on the Dime Creek gold and platinum claims. The Dime Creek property has been a former producer of gold and platinum from the previous placer operation.

Placer and Lode drilling is also planned on the property to evaluate the Placer and Platinum targets, as recommended by Tom Buntzen , professional geologist.

Source: http://www.linuxgoldcorp.com/

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Linux Gold Corp.. (2019, February 18). Linux Gold Teams Up with Kenn Roberts to Produce Gold Using Placer Mining Technology. AZoMining. Retrieved on October 23, 2019 from https://www.azomining.com/News.aspx?newsID=8032.

  • MLA

    Linux Gold Corp.. "Linux Gold Teams Up with Kenn Roberts to Produce Gold Using Placer Mining Technology". AZoMining. 23 October 2019. <https://www.azomining.com/News.aspx?newsID=8032>.

  • Chicago

    Linux Gold Corp.. "Linux Gold Teams Up with Kenn Roberts to Produce Gold Using Placer Mining Technology". AZoMining. https://www.azomining.com/News.aspx?newsID=8032. (accessed October 23, 2019).

  • Harvard

    Linux Gold Corp.. 2019. Linux Gold Teams Up with Kenn Roberts to Produce Gold Using Placer Mining Technology. AZoMining, viewed 23 October 2019, https://www.azomining.com/News.aspx?newsID=8032.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit