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Glengarry strikes Snake Creek deal

XSTRATA will farm into Glengarry Resources’ Snake Creek gold and copper project near Mount Isa, western Queensland, leaving the latter to focus on the search for a substantial gold deposit at wholly-owned tenements in north-east Queensland.

Andrea Hayward

The proposed JV will allow Xstrata to earn 75% equity in Snake Creek by spending $3 million over five years on exploration. It is subject to the grant of an exploration permit covering the property, 35km...

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