"..In focusing resources on North America, the Company has also decided to withdraw from the Farm-in and Joint Venture Agreement on the Porphyry Gold Project with Salazar Gold Pty Ltd (Salazar). In doing so, the Company has provided the necessary notification to Salazar that the Company will no longer pursue any further exploration investment in the Porphyry Gold Project. This decision follows a full review of the latest drilling results and the future capital and human resource expectations required to identify a gold resource capable of being progressed through to development. The Company would like to thank Salazar for the opportunity to participate in the Porphyry North Gold Project exploration program and wish them the best in their future endeavours..."
PAK Price at posting:
2.0¢ Sentiment: None Disclosure: Held
