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uaa_admin
04-07-06, 14:09
Tuesday, 4th July 2006 08:14

Avocet Mining in jv with Canada's Dynasty Gold in China

LONDON (AFX) - Gold producer Avocet Mining PLC said it signed a joint venture deal with Canada's Dynasty Gold Corp to search for gold in China.

Under the agreement, Avocet will earn up to a 36 pct stake of Dynasty's interests in a gold prospect in the Xinjiang province if it invests at least 800,000 usd in the mines.

Avocet also has the right to negotiate for a further increase in its interest in the property until September 2007.

monicca.egoy@afxnews.com

http://www.lse.co.uk/FinanceNews.asp?shareprice=&ArticleRef=12527&ArticleHeadline=Avocet_Mining_in_jv_with_Canadas_D ynasty_Gold_in_China