Kanowna Consolidated eyes Argentine gold

BORN again resources outfit Kanowna Consolidated Gold Mines is to acquire a 620,000 ounce gold project in Argentina called Cerro Negro from Xstrata.

Kanowna will acquire the project via the acquisition of unlisted Queensland company Oroplata, which has a 49% stake in the project, and pre-emptive rights over the 51% being divested by Xstrata.