Thursday, March 4, 2010

AngloGold Ashanti (NYSE:AU) Funding Baffin Island Gold Project

AngloGold Ashanti

AngloGold Ashanti (NYSE:AU) will fund the Baffin Island Gold Project, with Commander Resources Ltd. running the operational side of the venture.

There are two targeted areas which the $4.55 million in financing will help explore through 2010.

Commander Resources Ltd. owns 100 percent of the project, and the program is working under the of the $20 million Farm-In JV Agreement.

AngloGold Ashanti

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