....and with the folwg. PR we learn that DGO has chosen
to extend its earn in for MOUNT CANNIANDAH to 51 %......
Friday, October 07, 2011 by Angela Kean
Planet Metals’ farm-in partner sees copper-gold potential of Mount Cannindah
Planet Metals’ (ASX:PMQ) farm-in partner Drummond Gold (ASX:DGO) has chosen to take a 51% stake in the Mount Cannindah copper-gold project, 100 kilometres south of Gladstone.
Drummond can earn the interest by spending A$2.5 million within two years, of which $602,000 has already been spent.
Mount Cannindah is a large gold bearing porphyry copper system with numerous highly prospective exploration targets.
The Mount Cannindah deposits are believed to be similar to Newcrest Mining’s (ASX:NCM) Ridgeway deposit at Cadia, near Orange in New South Wales.
...I like this and believe some more as well, which we can
follow next week
brgds hbg55
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