I think it also means that Newmont figures the South Gawler Ranges farm-in is not worth any further expenditure but that they want to concentrate on the Wild Horse prospect. TZN also figure that South Gawler is not worth their effort and so are seeking to sell the tenement. I doubt if they will get much for it. I agree that the announcement is difficult to understand and could be worded much better. However, just because some prospecting has failed to find anything of significance does not mean the area is a lemon. Look at AZY and its Mungari deposit in the Paterson Province. Newcrest (I think) went over that area some years back and gave it up, whereas AZY are now drilling what is likely to be another Havieron deposit with multi-million ounces of gold-copper.
It is positive that someone like Newmont wants to continue with TZN at Wild Horse.
TZN Price at posting:
3.5¢ Sentiment: None Disclosure: Not Held
