https://www.miningweekly.com

Carawine completes Thunderstruck acquisition at Tropicana North

22nd September 2020

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

Gold and base metals explorer Carawine Resources has wrapped up the acquisition of two exploration licences from Thunderstruck Investments at its Tropicana North project, in Western Australia.

The company announced earlier this month that it would acquire a 90% interest in two granted licences from Thunderstruck and a 100% interest in four licence applications in the Tropicana region through the acquisition of Phantom Resources.

These two acquisition, together with Carawine’s existing tenement applications, will cover more than 80 km strike of the Tropicana belt, within 10 km of the Tropicana mine operated by AngloGold Ashanti and IGO.

“Completion of this strategic acquisition now allows the company to hit the ground running, with an initial focus on the more advanced, high-grade gold targets,” said MD David Boyd.

“The upcoming drilling is expected to be just the start of an extended programme in the region to evaluate the large number of targets already identified from historic work, with a systematic exploration effort to continue throughout 2021,” Boyd added.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.046 1.174s - 111pq - 2rq
Subscribe Now