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Slide #32. Mill City — 60% interest in the North East Tanjung Block
Mill City (MCYGF)
60% interest in the North East Tanjung Block
MILL CITY GOLD CORP. ("Mill City" and/or the "Company") (TSX VENTURE:MC)(OTCBB:MCYGF)(FRANKFURT:NJ6) is pleased to announce the signing of a Letter of Intent ("LOI") to purchase up to a 60% interest in the North East Tanjung Block, an onshore Indonesian gas concession and Production Sharing Contract with a 30 year contract term including initial 6 year exploration period, from PT Anugerah Trimata Kaltim Energi ("PTATKE"), an Indonesian limited liability company that holds a 100% working interest in the project.
Mill City Gold is a junior mineral exploration company engaged in the acquisition, exploration and development of mineral properties of merit in Canada with the aim of developing them to a stage where they can be exploited at a profit or to arrange joint ventures whereby other companies provide funding for development and exploitation. Co. is focused on its gold exploration in the northern Ontario properties and its Yukon property. Co. has not earned any production revenue, nor found any proved reserves on any of its properties.
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