EXPLORATION & DEVELOPMENT

Newcrest enters another region in hunt for next discovery

NEWCREST Mining and GBM Resources have signed a A$25 million farm-in agreement over GBM’s Mount Coolon gold project in Queensland’s Drummond Basin.

GBM's Mt Coolon project

GBM's Mt Coolon project

Newcrest is obliged to spend at least $2 million within two years and complete 3000m of drilling. The company can then choose to move to stage one by spending $5 million and completing 7000m of drilling,...

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