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BRIEF-Desert Star enters $65 mln Precious Metals Purchase Agreement with Wheaton Precious Metals

Aug 10 (Reuters) - Desert Star Resources Ltd

* Desert Star announces US$65 million Precious Metals Purchase Agreement with Wheaton Precious Metals; extends agreement with Capstone

* Desert Star - Wheaton to pay $65 million for up to 100% of payable silver production, up to 100% of payable gold production from Kutcho Cu-Zn-Ag-Au project

* Desert Star-under terms of proposed PMPA, co to be advanced US$7 million as early deposit with payments to be used to fund feasibility study expenditures Source text for Eikon: Further company coverage:

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