JOHANNESBURG (miningweekly.com) – Emerging gold producer WPG Resources was on Monday granted a new mineral lease for its Challenger operation in central South Australia.
South Australia MP Tom Koutsantonis confirmed the grant on behalf of the state.
The ASX-listed company advised that the new lease, ML 6457, would be incorporated into the Challenger joint venture (CJV), adjoining the existing ML 6103 lease to the north-east and covering the plunge extension of the Challenger gold lodes into an area known as ‘Challenger Deeps’.
“WPG is pleased to have finalised this key step in securing additional mining tenure at Challenger. The grant of the second lease will enable the CJV to carry out further drilling and develop mining methods to extract the M2 lode and other target zones . . .” said WPG executive chairperson Bob Duffin.
He noted that the grant was another milestone for WPG along its path to become a fully fledged gold producer.