First Castlemaine rig onsite at Ballarat

CASTLEMAINE Goldfields has wasted no time in moving ahead with exploration of its newly acquired Ballarat gold project, with the first drill rig onsite this morning after the sale agreement was formally closed last week.

First Castlemaine rig onsite at Ballarat First Castlemaine rig onsite at Ballarat First Castlemaine rig onsite at Ballarat First Castlemaine rig onsite at Ballarat First Castlemaine rig onsite at Ballarat

The company acquired the troubled former Lihir project for $A4.5 million in cash plus a 2.5% royalty interest based on net smelter returns from production, capped at $50 million.

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