So this one is just something I found interesting while looking around over the weekend. Thought Evolution Mining had given up in the Drummond Basin after selling the Pajingo 3- 4 Moz produced gold mine to Minjar some years ago along with Twin Hills. They have however JV'd with Andromeda ADN in & earnt 40% of 4 blocks in the Drummond by spending 300k up front then 2 mil on exploration in 2 years. Completed the spend in 12 months & have now gone into second stage of agreement early. Spend is 200k up front & 4 mil exploration over next 2 years for 80% of project. Just seems a bit odd they recently sold Cracow to Aeris Resources & spending exploration dollars back in the Drummond. What really piqued my interest is one of the blocks EPM 26155 shares a border with our new applications at Yandan. Cheers Pickle
GBZ Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
