Royal sells stake in gold project

ROYAL Resources’ shift into uranium exploration in the United States has gained momentum after the junior miner announced the sale of its 85% joint venture interest in the Rothsay gold project and surrounding tenements to unlisted public company Silver Lake Resources for almost $1 million.

Royal sells stake in gold project Royal sells stake in gold project Royal sells stake in gold project Royal sells stake in gold project Royal sells stake in gold project

Royal announced the $935,000 acquisition would be satisfied by cash payments of $680,000 and the issue of 850,000 shares in Silver Lake at 30c each on or before the end of November.

A royalty of $8.

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