Millennial is focused on expanding its eight gold and silver projects located in Nevada and Arizona. The company’s plan is to accelerate the development of its two flagship projects in Nevada: Wildcat and Mountain View. The Wildcat project contains an inferred resource of 776,000 ounces of oxide gold (60.8 million tonnes at 0.40 g/t), while the Mountain View project has an inferred resource of 427,000 ounces of oxide gold (23.2 million tonnes at 0.57 g/t).
With these projects, the combined company would boast one of the largest gold-silver endowments in the Great Basin not controlled by a major mining company. In addition to the development pipeline, meaningful exploration potential exists in the BlackSheep, War Eagle and non-oxide targets at DeLamar, and the Dune, Eden, Marr, Ocelot, Cerro Colorado and Red Canyon projects from Millennial.
Under the terms of the agreement, Millennial shareholders would receive 0.23 of a common…
