Stratum partner adds to East Menzies project
PERTH (miningweekly.com) – ASX-listed Stratum Metals and its joint venture (JV) partner Menzies Goldfields have broadened the footprint of the East Menzies Goldfields project, by acquiring four additional tenements in the area.
Stratum said on Friday that the four tenements were bordered by existing East Menzies project tenements, and would provide the JV with an additional 540 ha of prospective ground.
Two separate vendors were paid a combined A$110 000 for three tenements, with Menzies Goldfields pegging a new prospecting licence area.
Stratum owns 60% of the East Menzies Goldfield project, and also acts as operator. The company has started an exploration programme over the project area, in Western Australia, in search of new orebodies.
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