Snake Creek Project (Western
Queensland)
• Farm out Agreement negotiated.
The Snake Creek Project is located in
northwest Queensland approximately 125
kilometres east-southeast of Mt Isa. It is
prospective for copper-gold and uranium
mineralisation.
Following expressions of interest from a
number of parties, Glengarry has agreed
to terms for a farm-out agreement with a
company with extensive exploration assets
in the region. Legal documentation is
currently being prepared for execution in
the coming Quarter.
The farm-out will allow the Company to
focus on higher priority exploration targets
within the Citadel Project, and recently
acquired Percyvale and Hampstead
Projects in North Queensland.
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