Patterson's Province, page-3

Good find Corker. Like East Laverton Gold this is a great opportunity for St George to negotiate an "earn in" JV with the likes of Newcrest Mining or Independence Gold where St George gets some cash in for say 50% equity in these gold tenements and the JV partner spends all money to explore these areas with agreed $ spend and timing to get up to 75% equity. Will cost St George nothing as they are doing nothing in these areas and the potential gain with someone else doing all the work could be another significant win for St George - ie diversifies the potential wins. This is not different to the 25% equity WSA has in the St George Mount Alexander tenement. WSA has done dilly squat to develop MA and spent $0 whereas St George has so far spent around $25m so far and counting.

I would set something like this up in a heart beat!

Cheers SandyC