Great Eagle Gold Corp. is pleased to announce the signing of a binding letter of intent with Teras Resources Inc. to acquire 100% of the subsurface mineral rights pertaining to a U.S. Patented Land Claim package, located in Imperial County, California, collectively known as the Cahuilla gold project. Great Eagle has agreed to pay an immediate US $50,000 standstill payment to Teras. Cahuilla is a historic gold deposit well-known within the gold mining industry. It has undergone extensive exploration since the 1980s, involving seven different mining companies including major gold producers such as Homestake, Newmont, Kennecott, and most recently, Teras Resources. Teras alone has invested more than $26 million in the property. Great Eagle CEO and Director, Andrew Fletcher, decla...