Bluebird Merchant Ventures Finalise a $5 Million Farm-out Agreement for the Gubong #gold Mine #bmv

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Bluebird has finalized a $5 million farm-out agreement for the Gubong gold project in South Korea. This agreement includes a free carry structure, meaning the company does not need to contribute additional funds until certain milestones are met. The Gubong project, with a potential of about 1.3 million ounces of gold, is central to the company's strategy to transform into a junior gold producer. The company has plans to implement this joint venture model in other projects as well, leveraging local partnerships and the technical expertise of the Bluebird team to minimize project development risks and optimize production. By Mark Fairbairn Recorded 7/5/2024