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The property was in escrow pending recording and registration of all applicable transfers with Peruvian authorities.
Under the terms, the buyer may purchase a 100% interest in the Anori concession contract subject to a permanent 1.5% net smelter returns royalty on production from Anori. The concession surrounds the buyer's Solferino mine, a high-grade, fully permitted underground mine.
The company has outlined a Cdn$2mn (US$1.52mn) program that includes remote sensing, IP/resistivity geophysics and geochemical sampling to delineate targets. These targets will be tested with an estimated 3,000m drill program.
Vancouver-based Angel Gold said it is advancing to the next stage of its field exploration program at the El Porvenir project in Colombia's Segovia-Remedios gold belt.
The focus of the stage is on following up on multiple occurrences of previously announced high-grade gold and silver samples. It will include an IP survey, further prospecting and sampling and a 2,000m drill program, Angel said in a press release.