Dixie Gold (TSE:DG) has released an update.
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Dixie Gold Inc. has strategically sold four of its non-core mining claims from the Red Lake Gold Project to Great Bear Resources Ltd., enhancing the project’s surrounding infrastructure. The deal includes a $100,000 cash payment to Dixie Gold and a 2.5% net smelter return royalty on any future mineral production. Additionally, the company stands to gain from exploration activities nearby, which could extend the life of approximately 437 of its mining claims.
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