The Lachlan Fold Belt (LFB) in New South Wales has been the centre of intense attention thanks to the Boda discovery proving that there are other copper-gold porphyries to be found outside of the giant Cadia deposit.
Now, Silver City Minerals (ASX:SCI) is set to be the newest, and for investors one of the lowest cost of entry stocks (more on that later), into this prospective play.
The company has executed a binding option to acquire an exploration package, known as the Wellington project, that covers more than 200sqkm just 15km south of Alkane Resources’ (ASX:ALK) Boda discovery.
The ground sits within the Molong volcanic belt, with most of the package containing the same rocks that host both the Boda discovery and Newcrest Mining’s (ASX:NCM) operating Cadia mine.
JFI
