....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
....and with the folwg. PR we learn that DGO has chosento extend...
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