Midas, Zijin sign formal agreement

MIDAS Resources has signed a cooperation agreement with one of China’s largest gold producers, Zijin Mining Group, over the Da Hong Shan copper-porphyry project in Western China.

Midas, Zijin sign formal agreement Midas, Zijin sign formal agreement Midas, Zijin sign formal agreement Midas, Zijin sign formal agreement Midas, Zijin sign formal agreement

Under the deal Midas' 85%-owned subsidiary, Midas Mining China, can earn up to 50% interest in the Da Hong Shan tenements through a total exploration investment of 24.5 million yuan ($A3.