Spinifex to mop up Nyakafura ownership

PERTH-based Spinifex Gold said today its wholly owned subsidiary East Africa Mines has been granted an option to mop up the remaining 10% of Sukuma Mines, owner of the prospective Nyakafura gold project in Tanzania.

Spinifex said it paid US$25,000 for the option, which it can exercise at any time up to August 31, 2003 with payment of a further US$250,000, with another US$125,000 payable upon commencement of