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Transol Corporation Ltd – Granting of Exploration Licenses at
Banlung North and Oyadayo South - Cambodia.
(ASX Code: TNC)
Liberty International Pty Ltd (Liberty) (100% owned subsidiary of Transol Corporation Ltd)
is pleased to announce the granting of Exploration Licenses (EL’s) at Banlung North and
Oyadayo South. Both these EL’s are extensions of existing project areas that Liberty has
been actively exploring during the last two years. In addition, the Company is assessing
the potential of a number of other projects that are prospective for gold, copper and other
commodities.
Highlights
· Conversion of the Banlung North Memorandum of Understanding area to full EL - the
license is 328 Km2 and contains the Katieng and Kunmunn gold prospects, and is an
extension to the existing 300 Km2 Banlung EL.
· Granting of an EL at Oyadayo South - the license is 248 Km2 and is contiguous to the
South, with the Oyadayo and Andong Meas project areas with Liberty now holding a
total of 696 Km2 in this project area The area covers numerous artisinal gold
workings and the Company rates it as highly prospective.
The Company is in the review process on a number of projects that are prospective for
gold, copper and other commodities.
The Directors of Transol are pleased with these tenement grantings as they substantially
increase Liberty’s project areas within a geological environment that Liberty considers
prospective for gold and copper mineralisation.