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Evolution extends South Cowal option agreement

2nd July 2024

By: Creamer Media Reporter

     

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Gold miner Evolution Mining has extended the option to purchase tenements nearby its operating Cowal gold mine, in NewSouth Wales, for a third and final year for further evaluation and exploration.

A two-year option agreement with ASX-listed Strategic Energy Resources was due to expire on September 26, 2024, but Evolution has elected to extend the option period for a further 12 months.

Evolution will pay Strategic Energy A$100 000 in cash for the extension.

Strategic Energy says Evolution continues to explore the tenement having secured land access, completed a detailed desktop targeting review along with a gravity survey and an air-core programme to date.

Forward exploration activities in the coming year may include drilling and/or additional geophysics.

To exercise the option, Evolution must pay Strategic Energy A$1-million in cash.

Edited by Creamer Media Reporter

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