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Preston Corporation has first candidate for gold royalty partnership

Published: 09:23 25 Apr 2016 EDT

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A gold placer project in California with an existing permit for production may be the first project

Preston Corp (OTCPK:PSNP) has set up a deal with Reno-based Western Mine Development to give it access to a number of gold projects that need funding in exchange for royalties.

Primarily gold-focused, Preston Royalty is not an operator and Western will act as an exclusive agent to find and present it with potential assets and royalties.

Western has already presented one candidate: A gold placer project in California with an existing permit for production.

This project may result in a royalty agreement that generates a 50% return on investment per annum, said Preston. More details will be published within ten days.

Preston Corp specialises in royalty financing for mining operations with the intent to realize large, continuous profits from ongoing economic interest in the production and future production of mining properties. 

 

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