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Market: TSX-V
Sector: Gold Mining
Epic: TSX-V:EMX
News: Latest news
Web Site: Eurasian Minerals
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Monday March 15, 11:21Diamondcorp: a big cash injection and a lot of work to do

70% of the new money was raised from current shareholders, reflecting a hefty amount of faith in the management to deliver.

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Monday March 15, 11:56Bionomics to present at Ultimate Healthcare & Biotechnology Event, March 24

Deborah Rathjen, CEO of Bionomics, recommended by UK Investment Reseach house Edison Investment Research, "our new valuation for BNO is at 55 cents" will present in Sydney.

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Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Eurasian Minerals

Eurasian Minerals

Eurasian Minerals is building shareholder value with precious and base metals exploration programs in some of the world's most promising, but under-explored frontier regions. Eurasian is aggressively adding high quality properties to its portfolios in Turkey, Eastern Europe, the Kyrgyz Republic, and Haiti.
Tuesday, January 06, 2009

Centerra Gold options three projects from Eurasian Minerals

Eurasian Minerals (TSX-V:EMX) said it had entered into a joint venture agreement with Centerra Gold (TSX:CG) for three properties in Turkey. Eurasian Minerals is already active in Romania, Haiti, Kyrgyz Republic and Turkey.

The agreement will see Centerra Gold earn up to 50% in three properties by expending $5 million over 4 years.  Assuming Centerra Gold completes its obligations over the four year period, it will additionally pay Eurasian Minerals $1 million.  Centerra Gold will also pay Eurasian Minerals for expenses incurred on the properties from August 2008 until the signing date of the agreement.  Phase II of the agreement will see Centerra Gold earn an additional 20% interest in the project by expending a further $5 million over two years.

Once ownership is vested in the projects, each partner must contribute or dilute. Should a partner dilute to 10%, its ownership is converted to a 4% NSR, which may be reduced to a 2% NSR by the payment of $4,000,000 by the non-diluting party, Eurasian Minerals added.

The three properties included in the agreement are the Akarca Property, the Elmali Property and the Samli Property.

The Akarca Property hosts the Ararca gold-silver project in north-western Turkey. Previous drilling has included 63.7 metres @ 1.54 grams per tonne gold and 14.5 grams per tonne silver.
The Elmali Property is less advanced, with rock chip and soil sampling have returned high grade gold and silver from low sulphidation quartz veins, while the Samli Property is also early stage, with previous exploration highlighting the potential for precious and base metal targets.

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