AUGRID Enters Joint Venture with Windham Resources, Inc.

摘要

CLEVELAND, OH - AuGRID Corporation (Pink Sheets:AUGC) announces that it has entered into an agreement with Windham Resources, Inc. ("Windham") to acquire interests in Windham's mineral properties located in the State of Nevada. Windham owns the rights to the Hill of Gold lode mining claims, located in the Tonopah, Nevada Mining District and the New Era Mine located near Searchlight, Nevada, and also participates as a joint venture partner in a project with proven ore reserves located in San Bernardino County, California. The Hill of Gold Property consists of 25 lode mining claims. Previous operator defined a preliminary geologic resource of 3.5 million tons averaging 0,031 oz/ton gold, using a 0.02 cutoff. The New Era Mine consists of 9 lode mining claims on a property with a history of prior mining activity. Windham is obligated to use all funds received from the joint venture agreements toward the further development of these properties.