Interesting news today coming out of De Grey Mining and Kalamazoo Resources especially considering the M24 have a Ashburton Project which has alot of potential. . Divestment of this project Ashburton: one of the largest unmined gold Resources in the Pilbara could be an astute move.
It would alleviate the need for a CR for a long time and allow them to focus on the Copper Flats Project and Canary Uranium Project, located in the prolific Athabasca Basin. Current approx Market cap $ 3 million and a sale of the Ashburton Project or speculation of interest could majorly improve market sentiment here.
De Grey Mining (ASX: DEG) has entered into an exclusive option deal with Kalamazoo Resources to potentially acquire the Ashburton gold project in WA's Pilbara. If the deal goes through, De Grey will need to pay a total of $30 million to gain control of the Ashburton prospect, which has a history of gold production
