Sagebrush Gold Ltd (OTC:SAGE) have renegotiated the existing Net Smelter Royalty (“NSR”) on the Relief Canyon Gold Project in Pershing County, Nevada.
The original Net Smelter Royalty of 4%, held by Royal Gold, has been reduced to 2%. Sagebrush Gold, Ltd. is a junior gold exploration company focused on searching for world class resources and seeking out potentially significant gold exploration and development targets in Nevada’s leading gold districts.
David Rector, Company President believes that the reducing of the NSR would bring upon huge benefits to the shareholders upon commencement of gold production at the Relief Canyon Gold Project by Sagebrush Gold. With the recent additions to staff and management, Sagebrush Gold believes that it will be able to fast-track towards the company’s goal.
Shares of SAGE surged 20.40% to $1.24 on 146K shares – 14X its average volume.
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