Ely Gold sells Mina Gold project for $1m

Days after announcing that it had consolidated ownership in its Mina Gold project, junior gold streamer Ely Gold & Minerals has agreed to sell the project to Colorado-based Gold Resource Corp for $1-million. Under terms of the deal, Gold Resource acquired 100% of the Mina Gold property for restricted common stock valued at $850 000 and a one-time advanced royalty cash payment of $150 000.